News

WhiteWater Midstream Announces New Commitments and Strategic Partner

June 13, 2017

WhiteWater Midstream today announced that it has recently completed an agreement with WPX Energy, which provides WPX with 300,000 MMBtu/d of natural gas transportation capacity from the Stateline area to Waha and grants WPX a 10 percent ownership interest in Agua Blanca. As part of the agreement, WPX has the right to increase its capacity to 500,000 MMBtu/d and its ownership up to 20 percent.

Construction of Agua Blanca remains on schedule with the initial commissioning of the project expected during the fourth quarter of 2017 and the complete path from Orla to Waha operational by the end of the first quarter of 2018.

“We are excited to be partnering with a company the caliber of WPX on Agua Blanca. Their team has done an extraordinary job in the Delaware Basin positioning WPX for substantial growth over the coming years. WPX is subscribing for a significant amount of capacity on the pipe, and with potential future Permian growth and strong interest from additional shippers, we are already considering expansion options for Agua Blanca,” said WhiteWater Chief Executive Officer Christer Rundlof.

Inquiries regarding Agua Blanca should be directed to ab@wwm-llc.com.

ABOUT AGUA BLANCA

Agua Blanca will initially consist of 75 miles of 36” diameter pipe with a capacity of 1.25 Bcf/d, expandable to 1.75 Bcf/d with minimal capex. The project is supported by substantial long-term, firm volume commitments. The initial path of Agua Blanca will be from Orla, Texas to the Waha Hub, servicing portions of Culberson, Loving, Pecos, Reeves and Ward counties. Agua Blanca will have multiple direct downstream connections including to the Trans-Pecos Header.

ABOUT WHITEWATER MIDSTREAM

WhiteWater Midstream is an Austin based, independent midstream company that provides gathering, treating, processing and transportation services to domestic oil and gas plays. WhiteWater was founded in 2016 and is backed by equity commitments from Denham Capital Management and Ridgemont Equity Partners. For more information about WhiteWater, visit www.whitewatermidstream.com.

ABOUT DENHAM CAPITAL

Denham Capital is a leading energy-focused global private equity firm with more than $8.4 billion of invested and committed capital across eight fund vehicles. The firm makes direct investments across all stages of the corporate lifecycle. Denham’s investment professionals apply deep operational and industry experience and work in partnership with management teams to achieve long-term investment objectives. For more information about Denham Capital, visit www.denhamcapital.com.

ABOUT RIDGEMONT EQUITY PARTNERS

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $3.5 billion in 136 companies. The firm focuses on investments of $25 million to $100 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare and telecommunications/media/technology. For more information about Ridgemont, visit www.ridgemontep.com.

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WhiteWater Midstream Announces Delaware Basin Natural Gas Pipeline

February 23, 2017

Austin, Texas – February 23, 2017 – WhiteWater Midstream today announced that it has begun construction of the Agua Blanca Pipeline, a Delaware Basin, intrastate natural gas pipeline. The initial path of Agua Blanca will be from Orla, Texas to the Waha Hub, servicing portions of Culberson, Loving, Pecos, Reeves and Ward counties. Agua Blanca will have multiple direct downstream connections including to the Trans-Pecos Header.

Agua Blanca will initially consist of 75 miles of 36” diameter pipe with a capacity of 1.25 Bcf/d, expandable to 1.75 Bcf/d. The project is supported by over 500 MMcf/d of long-term, firm volume commitments. WhiteWater expects to accept first volumes by the fourth quarter of 2017.

“Agua Blanca will provide producers and processors with a much needed outlet for the rapidly growing natural gas volumes in the Delaware Basin. Our customers will have a direct path to multiple delivery points including the attractive, growing Mexican power market,” said WhiteWater Chief Executive Officer Christer Rundlof.

Inquiries regarding Agua Blanca should be directed to ab@wwm-llc.com.

ABOUT WHITEWATER MIDSTREAM

WhiteWater Midstream is an Austin based, independent midstream company that provides gathering, treating, processing and transportation services to domestic oil and gas plays. WhiteWater was founded in 2016 and is backed by equity commitments from Denham Capital Management and Ridgemont Equity Partners. For more information about WhiteWater, visit www.whitewatermidstream.com.

ABOUT DENHAM CAPITAL

Denham Capital is a leading energy-focused global private equity firm with more than $8.4 billion of invested and committed capital across eight fund vehicles. The firm makes direct investments across all stages of the corporate lifecycle. Denham’s investment professionals apply deep operational and industry experience and work in partnership with management teams to achieve long-term investment objectives. For more information about Denham Capital, visit www.denhamcapital.com.

ABOUT RIDGEMONT EQUITY PARTNERS

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $3.5 billion in 136 companies. The firm focuses on investments of $25 million to $100 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare and telecommunications/media/technology. For more information about Ridgemont, visit www.ridgemontep.com.

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