logo
logo

Leading Us Midstream Crude System Oryx Announces $550 Million Investment From Qia

Leading Us Midstream Crude System Oryx Announces $550 Million Investment From Qia

01/14/22, 3:31 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmidland
Money raised
$550 million
Oryx Midstream Services (Oryx), the largest privately-held midstream crude operator in the Permian Basin, announced today that an affiliate of Qatar Investment Authority (QIA) has acquired a significant stake in Oryx from an affiliate of Stonepeak Infrastructure Partners (Stonepeak). In addition, QIA has committed to invest in the development of Oryx alongside Stonepeak. The total QIA investment in Oryx will be approximately $550 million.

Company Info

Company
Oryx Midstream Services
Location
midland, florida, united states
Additional Info
Midland-based Oryx Midstream is the largest privately-held midstream crude operator in the Permian Basin. The company owns and operates a crude oil gathering and transportation system underpinned by nearly one million acres under long-term dedications from more than 20 customers. The system's 2.1 million barrels of storage and approximately 1,200 miles of in-service and under-construction pipeline span eight counties in Texas and two in New Mexico. Led by an experienced team with more than 160 years of experience in the oil and gas industry, Oryx is dedicated to providing producers with solutions and flexibility through a full suite of midstream services. For more information, please visit www.oryxmidstream.com.