News

WhiteWater Midstream and MPLX LP Announce Substantial Completion of Agua Blanca Pipeline System Expansion

November 11, 2020

AUSTIN, Texas ---- WhiteWater Midstream (WWM) and MPLX LP (NYSE: MPLX) today announced the substantial completion of a 1.8 billion cubic-feet-per-day (Bcf/d) expansion of their joint venture Agua Blanca pipeline system. Testing and commissioning of the expansion will begin this month, and the system is anticipated to be brought into full service in early 2021.

The Agua Blanca system is connected to almost 20 gas processing sites in the Delaware Basin and is currently transporting gas produced in Culberson, Loving, Reeves, Pecos, Winkler and Ward counties in Texas, and Eddy and Lea counties in New Mexico, to the Waha Hub. The Agua Blanca expansion includes a 42-inch diameter trunk line that more than doubles system capacity to over 3 Bcf/d while providing significant incremental takeaway capacity for plants servicing Texas and New Mexico gas producers.

“We are excited to bring this expansion into service ahead of schedule while continuing to provide reliable and transparent transportation services to producers and processors in Texas and New Mexico,” said WhiteWater Chief Executive Officer Christer Rundlof. “WWM remains committed to developing premier Permian basin residue assets as markets normalize and growth resumes.”

WhiteWater Midstream’s investment in the Agua Blanca joint venture is led by First Infrastructure Capital. Inquiries regarding the Agua Blanca Expansion should be directed to ab@wwm-llc.com.

About WhiteWater Midstream

WhiteWater Midstream is a management owned, Austin based midstream company. WhiteWater Midstream is partnered with multiple private equity funds including but not limited to Ridgemont Equity Partners, Denham Capital Management, First Infrastructure Capital and the Ontario Power Generation Inc. Pension Plan. Since inception, WhiteWater has reached final investment decision on ~$3 billion in greenfield development projects. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com.

About MPLX LP

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com

About First Infrastructure Capital

First Infrastructure Capital Advisors, LLC is a Houston-based investment firm specializing in greenfield projects and companies operating in the midstream, downstream, electric power, telecommunications, and renewable energy industries. First Infrastructure Capital Advisors, LLC is an SEC-registered investment adviser, which manages funds affiliated with First Infrastructure Capital, L.P. For more information about First Infrastructure Capital, visit www.firstinfracap.com.

Investor Relations Contacts:

WhiteWater Midstream
Bryan Willoughby
Director, Business Development
(512) 953-2100
www.whitewatermidstream.com

MPLX
Kristina Kazarian
Vice President, Investor Relations
(419) 421-2071

This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements relate to, among other things, statements with respect to forecasts regarding capacity, rates, incremental investment, market conditions and timing for becoming operational for the opportunities discussed above. You can identify forward-looking statements by words such as "anticipate," "design," "estimate," "expect," "forecast," "plan," "project," "potential," "target," "could," "may," "should," "would," "will" or other similar expressions that convey the uncertainty of future events or outcomes. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of the companies and are difficult to predict. Factors that could impact the opportunities described above are set forth under the heading "Risk Factors" in MPLX's Annual Report on Form 10-K for the year ended Dec. 31, 2019, and Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission (SEC). In addition, the forward-looking statements included herein could be affected by general domestic and international economic and political conditions. Unpredictable or unknown factors not discussed here or in MPLX's Forms 10-K and 10-Q could also have material adverse effects on forward-looking statements. Copies of MPLX's Forms 10-K and 10-Q are available on the SEC's website, MPLX's website at http://ir.mplx.com or by contacting MPLX's Investor Relations office.
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WhiteWater Midstream Announces Strategic Joint Venture to provide Permian Basin NGL Transportation Solutions

August 06, 2020

Austin, Texas - WhiteWater Midstream (WhiteWater), MPLX LP (NYSE: MPLX) and West Texas Gas, Inc. (WTG) have recently formed a Joint Venture (JV) to provide natural gas liquids (NGLs) takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, TX. WhiteWater Midstream’s Investment in the JV is backed by Ridgemont Equity Partners, Denham Capital Management and the Ontario Power Generation Inc. Pension Plan.

The JV will provide an optimized approach to pipeline transportation service for NGLs primarily through the utilization of existing infrastructure with limited initial construction. The solution will facilitate future, capital-efficient expansions that meet customer demands in a recovering basin. The JV is supported by volumes from key processing plants with long-term commitments from top-tier Permian producers.

As part of this NGL transportation solution, the JV has entered into multiple capacity arrangements from Orla, TX to Sweeny, TX including an agreement with EPIC Y-Grade Pipeline LP (EPIC) to own an undivided joint interest (UJI) in EPIC’s existing 24” NGL pipeline from West Texas to the Eagle Ford Basin.

About WhiteWater Midstream

WhiteWater Midstream is a management owned, Austin based midstream company. WhiteWater Midstream is partnered with multiple private equity funds including but not limited to Ridgemont Equity Partners, Denham Capital Management, First Infrastructure Capital and the Ontario Power Generation Inc. Pension Plan. Since inception, WhiteWater has reached final investment decision on ~$3 billion in greenfield development projects. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com.

About MPLX LP

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com

About WTG

WTG (West Texas Gas, Inc. & affiliates) is composed of a family of related natural gas midstream and downstream entities headquartered in Midland, TX since 1976 with operations in more than 90 Texas and Oklahoma counties. These WTG entities operate more than 900 MMcfd + of gas processing capacity with more than 10,000 miles of gathering systems, 1,800 miles of transmission pipelines and distribution systems serving approximately 25,000 LDC customers.

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 approximately $5.0 billion. The firm focuses on equity investments up to $250 million in industries in which it has deep expertise, including business and industrial services, energy and sustainable strategies, healthcare, and technology and telecommunications. For more information about Ridgemont Equity Partners, visit www.ridgemontep.com.

About Denham Capital Management

Denham Capital is a leading energy and resources-focused global private equity firm with more than $9.7 billion of committed capital across eleven fund vehicles and offices in Houston, Boston, London and Perth. The firm makes direct investments in the energy and resources sectors, including businesses involving oil and gas, power generation and mining, across the globe and all stages of the corporate lifecycle. Denham’s investment professionals apply deep technical, operational and industry experience and work in close partnership with management teams to achieve long-term investment objectives. For more information about Denham Capital, visit www.denhamcapital.com.

Investor Relations Contacts:

MPLX: Kristina Kazarian, Vice President, Investor Relations, (419) 421-2071

WhiteWater Midstream: www.whitewatermidstream.com

WTG: David B. Freeman, VP of Business Development, (432) 682-4349

MPLX Media Contacts:

Hamish Banks, Vice President, Communications (419) 421-2521

Jamal Kheiry, Manager, Communications (419) 421-3312

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Whistler Pipeline Consortium Announces Binding Open Season for the Whistler Pipeline

November 15, 2019

AUSTIN, Texas — (BUSINESS WIRE) — Whistler Pipeline LLC (“Whistler Pipeline”) today announced the beginning of a binding Open Season to solicit commitments for the remaining capacity on the Whistler Pipeline. The Whistler Pipeline will transport approximately 2 billion cubic feet per day (Bcf/d) of natural gas through approximately 450 miles of 42-inch pipeline from Waha, Texas, to the Agua Dulce area in South Texas

OPEN SEASON PROCEDURE AND DURATION

The Open Season will commence on Friday, November 15, 2019 and conclude at 5:00 PM CST on Monday December 16, 2019. Whistler Pipeline may, at its sole discretion, extend the duration of the Open Season at any time during the Open Season.

Whistler Pipeline asks that interested shippers submit, confidentially, a completed Service Request Form.The Service Request form, along with additional information regarding the Whistler Pipeline can be found at http://whitewatermidstream.com/operations.

Prior to close of the Open Season, Parties may submit questions concerning the Open Season to whistler@wwm-llc.com. WhiteWater Midstream, one of the consortium members, will post any clarifications provided in response to submitted inquiries at www.whitewatermidstream.com.

ABOUT THE WHISTLER PIPELINE

The Whistler Pipeline is an approximately 450-mile, 42-inch intrastate pipeline (the “Whistler Mainline”) that will transport natural gas from an interconnect with the Waha Header near Coyanosa, Texas in the Permian Basin to a terminus near Agua Dulce, Texas, providing direct access to South Texas markets and consumers. An approximately 50-mile 36-inch lateral will provide connectivity for gas processors in the Midland Basin. The pipeline will have transportation capacity of 2 billion cubic feet per day (Bcf/d).

Whistler Pipeline has contracted for the supply of the entirety of 42”/36” steel pipeline needed to complete the project and is on schedule in its completion of survey along the planned route and acquisition of appropriate permits for a summer 2021 in-service date.Construction will commence in 2020.

About Whistler Pipeline LLC

Whistler Pipeline LLC is a consortium made up of MPLX LP (NYSE: MPLX), WhiteWater Midstream (Whitewater) and a joint venture between Stonepeak Infrastructure Partners (Stonepeak) and West Texas Gas, Inc. (WTG).

About MPLX LP

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com

About WhiteWater Midstream

WhiteWater Midstream is an Austin-based independent midstream company providing transportation services to domestic oil and gas plays. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com.

About First Infrastructure Capital

First Infrastructure Capital Advisors, LLC is a Houston-based investment firm specializing in greenfield projects and companies operating in the midstream, downstream, electric power, telecommunications, and renewable energy industries. First Infrastructure Capital Advisors, LLC is an SEC-registered investment adviser, which manages funds affiliated with First Infrastructure Capital, L.P. For more information about First Infrastructure Capital, visit www.firstinfracap.com.

About Stonepeak Infrastructure Partners

Stonepeak Infrastructure Partners (www.stonepeakpartners.com) is an infrastructure-focused private equity firm with over $15 billion of assets under management and with offices in New York, Houston and Austin. Stonepeak invests in long-lived, hard-asset businesses and projects that provide essential services to customers, and seeks to actively partner with high-quality management teams, facilitate operational improvements, and provide capital for growth initiatives.

About WTG

WTG (West Texas Gas, Inc. & affiliates) is composed of a family of related natural gas midstream and downstream entities headquartered in Midland, TX since 1976 with operations in more than 90 Texas and Oklahoma counties.These WTG entities operate more than 700 MMcf/d of gas processing capacity with more than 10,000 miles of gathering systems, 1,800 miles of transmission pipelines and distribution systems serving approximately 25,000 LDC customers.

Contacts

MPLX LP Investor Relations: Kristina Kazarian (419) 421-2071

WhiteWater Midstream Investor Relations: www.whitewatermidstream.com

Stonepeak Infrastructure Partners Investor Relations: Dan Schmitz (212) 907-5119

WTG Investor Relations: David B. Freeman (432) 682-4349

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WhiteWater Midstream Announces Major Expansion of the Agua Blanca System

November 06, 2019

AUSTIN, Texas--Joint venture partners WhiteWater Midstream (“WhiteWater”), MPLX LP (NYSE: MPLX), alongside Agua Blanca lead investor First Infrastructure Capital, today announced final investment decision to proceed with the expansion of the Delaware Basin Agua Blanca System. The expansion includes a 42” diameter trunkline that more than doubles system capacity to over 3 billion cubic feet per day of natural gas across Culberson, Loving, Pecos, Reeves, Winkler and Ward counties. The expansion is supported by multiple 10 year, take-or-pay transportation agreements.

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

About WhiteWater Midstream

WhiteWater Midstream is an Austin-based independent midstream company providing transportation services to domestic oil and gas plays. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com.

About First Infrastructure Capital

First Infrastructure Capital Advisors, LLC is a Houston-based investment firm specializing in greenfield projects and companies operating in the midstream, downstream, electric power, telecommunications, and renewable energy industries. First Infrastructure Capital Advisors, LLC is an SEC-registered investment adviser, which manages funds affiliated with First Infrastructure Capital, L.P. For more information about First Infrastructure Capital, visit www.firstinfracap.com.

About MPLX LP

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com

Contacts

WhiteWater Midstream Investor Relations: www.whitewatermidstream.com

MPLX LP Investor Relations: Kristina Kazarian (419) 421-2071

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​MPLX, WhiteWater Midstream, and Stonepeak/WTG Proceeding with Whistler Pipeline Project

June 05, 2019

FINDLAY, Ohio, June 3, 2019 – MPLX LP (NYSE: MPLX), WhiteWater Midstream (WhiteWater) backed by First Infrastructure Capital, and a joint venture between Stonepeak Infrastructure Partners (Stonepeak) andWest Texas Gas, Inc. (WTG) have reached a final investment decision to move forward with the design and construction of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers. The majority of available capacity on the planned pipeline has been subscribed and committed by long-term transportation agreements. WhiteWater and MPLX expect that the remaining capacity will be fully subscribed in coming months.

The Whistler Pipeline is being designed to transport approximately 2 billion cubic feet per day (Bcf/d) of natural gas through approximately 475 miles of 42-inch pipeline from Waha, Texas, to the Agua Dulce area in South Texas. Supply for the Whistler Pipeline would be sourced from multiple upstream connections in the Permian Basin, including direct connections to plants in the Midland Basin through an approximately 50 mile, 30-inch pipeline lateral, as well as a direct connection to the 1.4 Bcf/d Agua Blanca Pipeline, a joint venture between WhiteWater, MPLX and Targa. Agua Blanca Pipeline crosses through the heart of the Delaware Basin, including portions of Culberson, Loving, Pecos, Reeves, Winkler and Ward counties.

“The decision to move forward with this project after securing sufficient commitments from shippers demonstrates our disciplined approach to investing,” said Gary R. Heminger, MPLX chairman and chief executive officer. “Whistler is expected to provide reliable residue gas transportation out of the Permian Basin, which is vital to our growing gas processing position and producers in the region.”

“The WhiteWater team is excited to partner with MPLX and develop incremental transportation out of the Permian Basin, as production continues to dramatically outperform consensus estimates,” added Christer Rundlof, CEO of WhiteWater. “Whistler will tie directly into the most attractive markets in South Texas, including the growing LNG and Mexican markets.”

The Whistler Pipeline is expected to be in Service in the third quarter of 2021, pending the receipt of customary regulatory and other approvals.

About MPLX LP

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com

About WhiteWater Midstream

WhiteWater Midstream is an Austin based, independent midstream company that provides transportation services to domestic oil and gas plays. WhiteWater was founded in 2016 and is backed by significant commitments from First Infrastructure Capital. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com.

About First Infrastructure Capital

First Infrastructure Capital Advisors, LLC is a Houston-based investment firm specializing in greenfield projects and companies operating in the midstream, downstream, electric power, telecommunications, and renewable energy industries. First Infrastructure Capital Advisors, LLC is affiliated with Quanta Services and operated separately as an SEC-registered investment adviser, which manages funds affiliated with First Infrastructure Capital, L.P. For more information about First Infrastructure Capital, visit www.firstinfracap.com.

About Stonepeak Infrastructure Partners

Stonepeak Infrastructure Partners (www.stonepeakpartners.com) is an infrastructure-focused private equity firm with over $15 billion of assets under management and with offices in New York, Houston and Austin. Stonepeak invests in long-lived, hard-asset businesses and projects that provide essential services to customers, and seeks to actively partner with high-quality management teams, facilitate operational improvements, and provide capital for growth initiatives.

About WTG

WTG (West Texas Gas, Inc. & affiliates) is composed of a family of related natural gas midstream and downstream entities headquartered in Midland, TX since 1976 with operations in more than 90 Texas and Oklahoma counties. These WTG entities operate more than 700 MMcfd of gas processing capacity with more than 10,000 miles of gathering systems, 1,800 miles of transmission pipelines and distribution systems serving approximately 25,000 LDC customers.

CONTACTS

MPLX LP Investor Relations: Kristina Kazarian – (419) 421-2071

WhiteWater Midstream Investor Relations: www.whitewatermidstream.com

Stonepeak Infrastructure Partners Investor Relations: Dan Schmitz – +1 (212) 907-5119

WTG Investor Relations: David B. Freeman – 432-682-4349

Forward-looking statements

This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements relate to, among other things, statements with respect to forecasts regarding capacity and timing for becoming operational for the opportunities discussed above. You can identify forward-looking statements by words such as "anticipate," "believe," "design," "estimate," "expect," "forecast," "intend," "plan," "project," "potential," "could," "may," "should," "would," "will" or other similar expressions that convey the uncertainty of future events or outcomes. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of the companies and are difficult to predict. Although management of the respective companies believe any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Among the key risk factors associated with the project that may have a direct impact on completion of the project and construction of the pipeline or the pipeline's and the companies' results of operations and financial condition are: (1) the ability of the companies to negotiate and enter into definitive agreements and to obtain all required rights-of-way, permits and other approvals on a timely basis; (2) the ability to complete construction of the project on time and at expected costs; (3) price fluctuations and overall demand for natural gas; (4) changes in the pipeline's tariff rates or other terms as required by state or federal regulatory authorities; (5) the occurrence of an operational hazard or unforeseen interruption; (6) disruption in the debt and equity markets that negatively impacts the companies' abilities to finance capital spending and (7) willingness to incur or failure of customers or vendors to meet or continue contractual obligations related to this project. Additional information about issues that could lead to material changes in performance is set forth under the heading "Risk Factors" in MPLX's Annual Report on Form 10-K for the year ended Dec. 31, 2018, filed with the Securities and Exchange Commission (SEC). In addition, the forward-looking statements included herein could be affected by general domestic and international economic and political conditions. Unpredictable or unknown factors not discussed here or in MPLX's Form 10-K could also have material adverse effects on forward-looking statements. Copies of MPLX's Form 10-K are available on the SEC website, MPLX's website at http://ir.mplx.com or by contacting MPLX's Investor Relations office. The companies undertake no obligation to revise these forward-looking statements to reflect events or circumstances occurring after today's date.

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FIRST INFRASTRUCTURE CAPITAL ACQUIRES PREMIER DELAWARE BASIN PIPELINE THROUGH ACQUISITION OF WHITEWATER MIDSTREAM

February 04, 2019

The Transaction Positions WhiteWater for the Long Term and Provides Substantial Capital for Future Projects

AUSTIN & HOUSTON, TEXAS – February 4, 2019 – WhiteWater Midstream (“WhiteWater”) and its financial sponsors, Denham Capital Management (“Denham”) and Ridgemont Equity Partners (“Ridgemont”), announced today that they have entered into definitive agreements for the sale of WhiteWater to funds managed by First Infrastructure Capital Advisors, LLC (“First Infrastructure Capital”).

As part of the transaction, First Infrastructure Capital will acquire WhiteWater, including its 60% stake in Agua Blanca, a Delaware Basin intrastate natural gas pipeline system. Contemporaneous with this transaction, First Infrastructure Capital also entered into definitive agreements to acquire WPX Energy, Inc.’s 20% ownership stake in Agua Blanca. WhiteWater management will remain with the asset and is committed to growing Agua Blanca to service its customer base.Closing is expected in the first quarter of 2019 and is subject to customary approvals and closing conditions.

Agua Blanca is a natural gas residue pipeline servicing the Delaware Basin. The system consists of ~90 miles of 36” diameter pipeline and 70 miles of smaller diameter pipeline crossing portions of Culberson, Loving, Pecos, Reeves, Ward and Winkler counties. The initial capacity is ~1.4 Bcf/d with significant expansion plans underway. The asset is supported by multiple, substantial, long-term, take or pay contracts. The Agua Blanca system has a multitude of direct downstream connections which provide shippers on the system access to multiple markets.

Christer Rundlof, CEO of WhiteWater said, “We are very excited about our new partnership with First Infrastructure Capital, who provides us with access to strong construction and operations expertise and access to significant capital to continue to expand the Agua Blanca system and execute other projects under development.WhiteWater is committed to continuing to partner with shippers in the Delaware Basin.Our new sponsor has a long investment horizon that will allow us to continue to manage the asset for the long term.”

Christer continued, “We are grateful to have had Denham and Ridgemont as trusted partners. We appreciate their confidence in backing WhiteWater as a first-time team.Denham and Ridgemont’s energy sector expertise has been an important part of our team’s success. We are also extremely grateful to our joint venture partners and other anchor shippers who allowed us to grow the Agua Blanca system so quickly.MarkWest, Targa and WPX have been outstanding partners throughout the development of Agua Blanca. We look forward to the opportunity to work together on future projects.”

Dan Shapiro, Managing Partner of First Infrastructure Capital Advisors, LLC said, “WhiteWater has created a unique cornerstone infrastructure asset that maximizes natural gas take-away options for producers in the Delaware Basin.We look forward to working closely with the team to invest significant capital in expansions of the Agua Blanca system, other natural gas residue, natural gas liquids, and complementary energy infrastructure projects.”

Jordan Marye, Managing Partner of Denham said, “We congratulate the entire WhiteWater team on their success in building a progressive midstream business focused on delivering value to shippers in the Delaware Basin and beyond. We are excited to continue to partner with WhiteWater, First Infrastructure Capital and Ridgemont on future projects under development.”

Tudor, Pickering, Holt & Co. and Credit Suisse Securities (USA) LLC acted as financial advisors to WhiteWater, Denham, and Ridgemont in connection with the transaction. Simmons Energy, A Division of Piper Jaffray, acted as the exclusive financial advisor to First Infrastructure Capital. Sidley Austin LLP acted as lead counsel for WhiteWater and Denham. Troutman Sanders LLP acted as lead counsel for Ridgemont.Latham & Watkins LLP acted as lead counsel for WhiteWater management.Milbank, Tweed, Hadley & McCloy LLP acted as lead counsel for First Infrastructure Capital.

About WhiteWater Midstream

WhiteWater Midstream is an Austin based, independent midstream company that provides transportation services to domestic oil and gas plays.

About Denham Capital Management

Denham Capital is a leading energy and resources-focused global private equity firm with more than $9.7 billion of invested and committed capital across 10 fund vehicles and offices in Houston, London, Boston and Perth. The firm makes direct investments in the energy and resources sectors, including businesses involving oil and gas, power generation and mining, across the globe and 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 approximately $4.4 billion. The firm focuses on equity investments up to $250 million in industries in which it has deep expertise, including business and industrial services, energy, healthcare, and technology and telecommunications. www.ridgemontep.com

About First Infrastructure Capital

First Infrastructure Capital Advisors, LLC is a Houston-based investment firm specializing in greenfield projects and companies operating in the midstream, downstream, electric power, telecommunications, and renewable energy industries. First Infrastructure Capital Advisors, LLC is affiliated with Quanta Services and operated separately as an SEC-registered investment adviser, which manages funds affiliated with First Infrastructure Capital, L.P. For more information about First Infrastructure Capital, visit www.firstinfracap.com.

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WhiteWater Midstream Adds Strategic Partners and New Commitments to Its Delaware Basin Agua Blanca Pipeline

May 02, 2018

Austin, Texas – May 2, 2018 – WhiteWater Midstream today announced the execution of multiple transportation and interconnect agreements for its Delaware Basin Agua Blanca pipeline, a joint venture between WhiteWater and WPX Energy. In conjunction with those agreements, MarkWest Energy Partners, L.P., a wholly owned subsidiary of MPLX LP, and an affiliate of Targa Resources Corp. will join WhiteWater and WPX Energy as joint venture partners in the Agua Blanca pipeline. Approximately 80% of capital expenditures will be funded with project level debt. In addition to the agreements with its new partners, WhiteWater has entered into long-term transportation service agreements with two premier Delaware Basin producers in Culberson County.

Agua Blanca now has over 1.1 Bcf/d of long-term firm commitments.The pipeline has also continued to expand its connectivity with agreements in place with the following processors:Brazos Midstream, Crestwood Midstream Partners, EnLink Midstream Partners and Medallion Midstream.These agreements will bring total plant processing capacity connected to Agua Blanca to nearly 2.5 Bcf/d, which is expected to increase to 5.0 Bcf/d in the near-term.

“We are extremely excited about our new strategic partners, MPLX and Targa.Both companies are top tier processors that continue to expand services in the Permian Basin.We look forward to growing Agua Blanca and derivative projects with our strong customer base,” said WhiteWater Chief Executive Officer Christer Rundlof.

WhiteWater Midstream will own a 60 percent equity interest in Agua Blanca, with WPX Energy, MPLX and Targa owning an equity interest of 20%, 10% and 10%, respectively in the project.

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

ABOUT AGUA BLANCA

Agua Blanca is a natural gas residue pipeline servicing the Delaware Basin.The mainline consists of approximately 90 miles of 36” diameter pipeline and 70 miles of 12” to 24” diameter pipeline crossing portions of Culberson, Loving, Pecos, Reeves, Winkler, and Ward counties.The initial capacity is approximately 1.4 Bcf/d.The project is supported by multiple, substantial long-term, firm volume commitments.Agua Blanca will have multiple direct downstream connections including to the Trans-Pecos Header, El Paso Waha, ONEOK West Texas, Kinder Morgan’s Gulf Coast Express and Natural Gas Pipeline Company.

ABOUT WHITEWATER MIDSTREAM

WhiteWater Midstream is an Austin based, independent midstream company that provides 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 WPX ENERGY

WPX is an independent energy producer with core positions in the Permian and Williston basins. WPX’s production is approximately 80 percent oil/liquids and 20 percent natural gas. The company also has an emerging infrastructure portfolio in the Permian Basin.

ABOUT MPLX LP

MPLX is a diversified, growth-oriented master limited partnership formed in 2012 by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. MPLX is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of NGLs; and the transportation, storage and distribution of crude oil and refined petroleum products through a marine fleet and approximately 10,000 miles of crude oil and light product pipelines. Headquartered in Findlay, Ohio, MPLX's assets consist of a network of crude oil and products pipelines and supporting assets, including storage facilities (tank farms) located in the Midwest and Gulf Coast regions of the United States; 62 light-product terminals with approximately 24 million barrels of storage capacity; storage caverns with approximately 2.8 million barrels of storage capacity; a barge dock facility with approximately 78,000 barrels per day of crude oil and product throughput capacity; and gathering and processing assets that include approximately 5.9 billion cubic feet per day of gathering capacity, 8.2 billion cubic feet per day of natural gas processing capacity and 610,000 barrels per day of fractionation capacity. In addition, MPLX provides fuels distribution services to MPC and owns refining logistics assets consisting of tanks with storage capacity of approximately 56 million barrels as well as refinery docks, loading racks and associated piping.

ABOUT TARGA RESOURCES CORP.

Targa Resources Corp. (NYSE: TRGP) is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. Targa owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, terminaling, and selling crude oil; storing, terminaling, and selling refined petroleum products.

For more information, please visit www.targaresources.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 Commencement of Operations for the Agua Blanca Pipeline

April 11, 2018

Agua Blanca commenced commercial operations on April 1, 2018 putting in service 72 miles of 36” diameter pipe with a capacity of 1.4 Bcf/d.The pipeline runs from Orla, Texas to the Waha Hub, servicing portions of Culberson, Loving, Pecos, Reeves and Ward counties with multiple direct downstream connections including to the Trans-Pecos Header.

The project is supported by substantial long-term, firm volume commitments. WhiteWater is in the process of expanding Agua Blanca’s connectivity and is considering a number of options to expand overall pipeline capacity.

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

ABOUT WHITEWATER MIDSTREAM

WhiteWater Midstream is an Austin based, independent infrastructure company that provides 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 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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