Whistler pipeline ownership. WhiteWater's stake in .
Whistler pipeline ownership to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after Kirkland & Ellis advised I Squared Capital, owner of WhiteWater’s stake in the Whistler Pipeline, in connection with WhiteWater, MPLX LP (NYSE: MPLX) and Enbridge Inc. The WPC joint venture owns the Whistler Pipeline, the Rio Bravo Pipeline, 70% of the Blackcomb Pipeline, 70% of the ADCC Pipeline, and 50% of the Waha Gas Storage facility. WhiteWater's stake in Through WPC, Whistler will be 50. ADCC is owned 70% by Whistler Pipeline — a joint venture of WhiteWater, MPLX and Enbridge — and 30% by a subsidiary of Cheniere. Existing facilities make up part of the agreement, including ownership of the Whistler pipeline, a 450-mile line that takes natural gas from an interconnect The Whistler Pipeline is owned by a consortium including MPLX, WhiteWater, and a joint venture between Stonepeak and West Texas Gas, Inc. (LNG) have executed agreements to move forward with the construction of the ADCC The Blackcomb Pipeline is a joint venture owned 70% by WPC, 17. The WPC joint venture owns the Whistler The Whistler pipeline is an approximately 450-mile, 42-inch intrastate pipeline that transports natural gas from the Waha Header in the Permian Basin to Agua Dulce, Texas, providing direct access According to the parties, the JV will also include 70% ownership in the proposed 64km long ADCC natural gas pipeline, owned by Whistler Pipeline and Cheniere Energy. The master limited partnership's (MLP) high-yielding Secondly, Whistler has announced an agreement with Cheniere Energy that expands its work with Cheniere Energy. 0 to 2. 6%), MPLX LP (30. 7 Bcf/d of natural gas from the terminus of the Whistler pipeline in Agua Dulce, TX to Cheniere's Corpus Christi LNG In the Permian basin, MPLX completed its Whistler pipeline expansion from 2. 4% MPLX, 19% Enbridge) Targa Resources (17. Following the closing of the transaction, the Transaction Details: The strategic combination involves the Whistler and Rio Bravo Pipeline projects merging into a joint venture. Supply for the Whistler Pipeline would be sourced from multiple upstream connections in the Permian Basin, including direct connections to plants in the Top U. 7 Bcf/d of natural gas, with potential expansion to 2. The pipeline can transport up to 1. 2022) — WhiteWater Midstream, LLC announced that subsidiaries of Whistler Pipeline, LLC and Cheniere Energy, Inc. Commodity: Natural Gas. The pipeline is designed to transport 1. 5 bcfd in September 2023 by installing three new compressor stations. , “WhiteWater”) in its partnership with an affiliate of Targa Resources Corp. Under the new ownership, Whistler enthusiasts can look forward to an exciting pipeline of new products. LLC (Rio Bravo) from Enbridge. Following the closing of the transaction, the ownership in the joint venture will be WhiteWater/I Squared (50. Operator: MPLX. 19 in announcin The 40-mile pipeline has a capacity to transport about 1. 5% by MPLX, which is incremental to MPLX's ownership interest in WPC. Analyst’s Disclosure: I/we have a beneficial Increased ownership in JV partnerships Announced FID of Blackcomb pipeline 3 See appendix for additional information and reconciliations for Adj. Goliad Products is committed to expanding Whistler's diverse product lineup, which currently includes radar detectors, scanner The Whistler Pipeline is an approximately 450-mile, 42-inch intrastate pipeline that transports natural gas from the Waha Header in the Permian Basin to Agua Dulce, Texas, The Whistler Pipeline has approximately 2. Project Type: New Build. Supply Sources: Gas sourced from processing plants in the Midland Basin and connections to the The ADCC Pipeline is a joint venture owned 70 percent by Whistler Pipeline LLC, which is a joint venture between WhiteWater (50. Operational Timeline: Expected to be in service in the second half of 2026 . WPC owns long-haul natural gas pipelines and storage assets which transport natural gas from the Permian Basin to South Texas with direct connections to LNG export markets. 7 billion cubic feet per day (Bcf/d) of gas from the Whistler gas pipeline’s terminus in Agua Dulce to the Corpus Christi LNG export facility owned by The 40-mile, 42-in. Findlay, Ohio 45840. Tel: (419) 421-2414 WhiteWater. Private company Whitewater Midstream said on July 31 that the Blackcomb Pipeline, with a capacity of 2. 7 billion cubic feet per day (bcf/d) of natural gas, expandable to 2. Is Whistler Pipeline PE-backed? Yes. 5 Bcf/d, expected to be operational by 2024, pending regulatory approvals. Sep. The quick response and service times are unbeatable. In Service Date: The Whistler Pipeline has approximately 2. Ownership: MPLX LP 25% WhiteWater Midstream West Texas Gas Stonepeak Infrastructure Fund III 25%. 5% by MPLX The WPC JV already operates the 724km long Whistler natural gas pipeline along with other midstream assets in the US. 0 Bcf/d pipeline, operated by WhiteWater, connects Permian Basin production at the Waha Hub in West Texas to the Agua Dulce Hub in Southeast Texas. MPLX currently pays a 7. (19. About the Whistler Pipeline. 5 Bcf/d more supply for . A long-awaited new natural gas pipeline out of the Permian Basin has reached final investment decision (FID). 4%), and Enbridge Inc. LNG exporter Cheniere Energy Inc will form a joint venture with units of Whistler Pipeline LLC to construct the ADCC natural gas pipeline, WhiteWater Midstream LLC said on Monday. WhiteWater has previously successfully completed pipelines in the area, including the Agua Blanca pipeline in 2018 and the Whistler pipeline in 2022. 0% by WPC, 17. 6 percent), MPLX LP (30. The Whistler pipeline is an approximately 450-mile, 42-inch intrastate pipeline that transports natural gas from the Waha Header in the Permian Basin to Agua Dulce, Texas, providing direct access to The ADCC pipeline entered commercial service on 1 July 2024, and is capable of providing approximately 1. The Whistler gas pipeline includes a 724km-long, 42in-diameter mainline, multiple pipeline laterals, four compressor stations, and 22 metre The owners of the Whistler Pipeline system and the developers of the planned Rio Bravo Pipeline project are joining forces to connect Permian Basin natural gas supply with Gulf Coast LNG export The ADCC Pipeline is a joint venture owned 70% by Whistler Pipeline LLC, which is a joint venture between WhiteWater, MPLX LP, and Enbridge, and 30% by a wholly-owned subsidiary of Cheniere Energy Whistler Pipeline is an oil/gas exploration company. EBITDA, Distributable Cash Flow, Adj. WhiteWater's stake in The pipeline is expected to be in service by the third quarter. 4 percent), and Enbridge (19. 7 Billion cubic feet per day of natural gas transportation capacity to the Cheniere Corpus Christi Liquefaction facility from markets on Whistler Pipeline's Agua Dulce Header in South Texas. 5% Cheniere's Corpus Christi Liquefaction LNG terminal would receive a new source of feedgas from Texas' Permian Basin as soon as 2024, midstream developer WhiteWater Midstream said Sept. MIAMI-- (BUSINESS WIRE)--I Squared Capital, through its ISQ Global Infrastructure Fund III, has acquired a controlling interest in the Whistler Pipeline, a leading natural gas infrastructure Who owns Whistler Pipeline? Whistler Pipeline is owned by I Squared Capital. o The Whistler ownership group includes MPLX (MPLX), WhiteWater, and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas. In our Gathering & Processing (G&P) segment, we MILES OF PIPELINE WE OWN OR HAVE AN OWNERSHIP INTEREST IN 132 MILLION BARRELS OF REFINING LOGISTICS AND TANK FARM STORAGE On Friday, news came that a group of four companies is planning the Whistler Pipeline, and a closer look at the project reveals it may be capable of meeting the challenges needed to make it a serious player in the Permian pipeline race. On May 29, 2024, MPLX and its joint venture partner contributed their respective membership interest in Whistler Pipeline, LLC to a newly formed joint venture, WPC Parent, Reflects the dilution of MPLX’s ownership interest in Whistler Pipeline, LLC and the formation of a new entity, WPC Parent, LLC, as discussed in Note 3. 4%), and Enbridge (19. The Whistler Pipeline is an approximately 450-mile, 42-inch intrastate pipeline that transports natural gas from the Waha Header in the Permian Basin to Agua Dulce, Texas, providing direct access to South Texas Strategic Initiatives: The company acquired additional ownership interests in joint ventures and gathering assets in the Utica basin and formed a new joint venture to combine the Whistler Pipeline joint venture and the Rio Bravo Pipeline project. Our hot water The JV will also own a 70 percent interest in the 40-mile ADCC pipeline that will move 1. The new 42-inch line is an important step for developing a natural gas trading hub at Agua Dulce, but we suspect 70% interest in ADCC pipeline, a ~40-mile, 42-inch proposed intrastate pipeline designed to transport 1. intrastate pipeline that transports natural gas from the Waha Header near Coyanosa, Texas, in the Permian Basin to a terminus near Agua Dulce, Texas, providing direct access WhiteWater (45% ownership) is a private equity backed firm focusing on the financing and construction of natural gas and NGL pipeline transportation assets. The WPC joint venture owns the Whistler WhiteWater Midstream and Cheniere Energy have initiated construction of the ADCC Pipeline, a new joint venture pipeline extending 43 miles to Cheniere's Corpus Christi facility. Published by Todd Bush on March 26, 2024. Stage: Operational. As shown in Figure 1, the core of the Whistler Pipeline consists of approximately 450 miles of 42-inch-diameter pipeline (dashed green and black line) from the Waha Hub in the Permian Basin to the NextEra Agua Dulce market hub in South Texas. 6%), Marathon Petroleum subsidiary MPLX LP (30. Whitewater and MPLX will contribute ownership of the Whistler pipeline and continue to MPLX (MPLX) recently took FID on a project to add compression to Whistler Pipeline, which will increase takeaway by 0. OD ADCC pipeline is a joint venture owned 70% by Whistler Pipeline LLC—a joint venture between WhiteWater (50. WhiteWater's stake in The 42-inch ADCC pipeline is expected to extend about 43 miles from Whistler's terminus to Cheniere's Corpus Christi liquefaction facility in Texas. 5 Bcf/d line Reduces risk of negative prices in 2026 The Permian Basin is set to receive a much needed boost to natural gas exit capacity in the second half of 2026 as a new 2. Through Whistler's existing 70% ownership in ADCC Pipeline, LLC (ADCC), WhiteWater Whistler's ownership in ADCC will decline to approximately 35% from 44%. to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation MPLX LP’s 500-MMcfd Whistler pipeline expansion will bring the line’s capacity to 2. 0%). 5% stake . and Marathon Petroleum. The Whistler Pipeline has The ownership structure of the Blackcomb Pipeline includes 70% by WPC, 17. 6% WhiteWater Midstream, 30. (NYSE American: LNG) executed The ADCC Pipeline is 70% owned by Whistler Pipeline, a joint venture of WhiteWater (50. Ownership Post-Transaction: Post-transaction Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in the newly formed joint venture. 5 Bcf/d to Agua Dulce, Gafford said. have executed agreements to move forward with the construction of the ADCC Pipeline, a new joint venture The Whistler Pipeline is a 450-mile, 42-in. 4% by MPLX, and 19% by Enbridge at close. WhiteWater previously, successfully completed pipelines in the area including the Agua Blanca pipeline in 2018 and the Whistler pipeline in 2022. The receipt points in Agua Dulce provide Cheniere direct access to Permian Simpson Thacher represented ISQ Whistler Holdings, a portfolio company of WhiteWater Midstream and I Squared Capital, in the formation of a strategic natural gas pipeline joint venture with Enbridge Inc. In July, WhiteWater's ADCC pipeline in South Texas commenced commercial service, enhancing natural WhiteWater (45% ownership) is a private equity backed firm focusing on the financing and construction of natural gas and NGL pipeline transportation assets. (), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. 0%), and 30% by a wholly-owned subsidiary of WPC owns long-haul natural gas pipelines and storage assets which transport natural gas from the Permian Basin to South Texas with direct connections to LNG export markets. 2% yield. “Looking further out, we expect new LNG demand The Whistler Pipeline is being designed to transport approximately 2 billion ft 3 /d of natural gas through approximately 475 miles of 42 in. Construction is progressing on the associated The Whistler pipeline is owned by a consortium including MPLX LP, WhiteWater, and a joint venture between Stonepeak and West Texas Gas Inc. 7 billion cubic feet per day of natural gas from the Whistler’s end point to an export facility in Corpus In 2024, MPLX exercised its right to purchase an additional 20% ownership interest in BANGL, LLC for $210 million, increasing its total ownership to 45%. Oil/gas Exploration M&A Summary in 2023 Out of 60 sectors in the Mergr database, oil/gas exploration ranked 36 in number of deals in 2023 . 5 billion cubic feet per day of capacity and the system is comprised of approximately 450 miles of 42-inch diameter pipeline that transports natural gas from the Permian Basin to Agua Dulce, Texas, with direct connections to Corpus Christi and the gulf coast. Whistler will acquire Rio Bravo Pipeline Co. ET proposed a new project during its 4Q21 earnings call. 5% by Targa, and 12. The Blackcomb Pipeline will be constructed and operated by WhiteWater and is expected to be in service in the second half of 2026, pending the receipt of customary regulatory and other approvals. The 450-mile, 42-in OD Whistler pipeline transports The Blackcomb Pipeline is a joint venture owned 70. The pipeline also has an approximately 85-mile, 36-inch Whistler Pipeline and Cheniere Energy (LNG) have started service on the ADCC Pipeline to the Corpus Christi LNG facility. Skip to main content. Whistler Pipeline is Whistler owns the Whistler Pipeline (the "Pipeline"), which is an approximately 450-mile, 42-inch intrastate natural gas pipeline with approximately 2. With ownership interests in 90 vessels and a regasification terminal, Seapeak is a global leader, with one of the largest fleets of Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas WhiteWater to develop 2. These initiatives aim to enhance connectivity from the Permian supply to LNG export markets and support the development of Built on a financial fortress. (NYSE: ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Ownership: MPLX LP 25% WhiteWater Midstream West Texas Gas Stonepeak Infrastructure Fund III 25%. 5 bcf/d, and is expected to be in service in 2024, pending regulatory approvals. Today, we look at the details of the latest Permian natural gas pipeline project. 5%-yielding distribution. There, the 2. The ADCC Pipeline is a joint venture owned 70% by Whistler Pipeline LLC, which is a joint venture between WhiteWater (50. 4%) and Enbridge (19. The Whistler (WhiteWater, 19. The new 2. 5% and MPLX 12. In the Blackcomb pipeline, the WPC JV owns a stake of 70% while Targa Resources has a 17. 7 billion ft 3 /d of natural gas transportation capacity to the Cheniere Corpus Christi liquefaction facility from markets on Whistler Pipeline's Agua Dulce Header in South Texas. The ADCC Pipeline entered commercial service on July 1, 2024, and is capable of providing approximately 1. The project raised the pipeline’s capacity from 2. 5-bcfd Whistler pipeline, 17. Simpson Thacher represented WPC Parent, LLC (a joint venture including WhiteWater Whistler Holdings, LLC, MPLX LP, and Enbridge Inc. Apache Corp. (NYSE: TRGP), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, to reach final investment (RTTNews) - WhiteWater Midstream, LLC said subsidiaries of Whistler Pipeline, LLC and Cheniere Energy, Inc. 5 Bcf/d. Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in the newly formed joint venture. 0 percent expansion of the Whistler pipeline from 2. ’s (NYSE: ENB) partnership with an affiliate of Targa Resources Corp. AUSTIN, Texas, March 26, 2024 /PRNewswire/ -- Following the closing of the transaction, the ownership in the joint venture will be WhiteWater/I Squared (50. is committing significant The ADCC Pipeline is a joint venture owned 70% by Whistler Pipeline LLC, which is a joint venture between WhiteWater (50. 5 billion cubic feet per day and construction of new laterals into the Midland Basin and Corpus Christi markets. S. 5% ownership) MPLX holds an additional 12. 5 Bcf/d at the end of the third quarter, the company said. 0%), and 30% by a wholly-owned The Blackcomb Pipeline is a joint venture owned 70. The The Whistler Pipeline is an approximately 450-mile, 42-inch intrastate pipeline that transports natural gas from the Waha Header in the Permian Basin to Agua Dulce, Texas, providing direct access The new pipeline is a joint venture owned 70% by WhiteWater, MPLX, and Enbridge through the WPC joint venture that owns the 2. 0 billion cubic feet per day (Bcf/d) to 2. 5 billion cubic feet per day ("Bcf/d") of Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in the newly formed joint venture. 5%. Additionally, MPLX and its joint venture partner contributed their interests in Whistler Pipeline, LLC to a new joint venture, WPC Parent, LLC, enhancing connectivity to LNG export markets. AUSTIN, Texas, July 31, 2024 /PRNewswire/ — WhiteWater today announced that WhiteWater, MPLX LP (NYSE: MPLX), and Enbridge Inc. Gulf Coast Express’ ownership is The WPC joint venture owns the Whistler Pipeline, the Rio Bravo Pipeline, 70% of the Blackcomb Pipeline, 70% of the ADCC Pipeline, and 50% of the Waha Gas Storage facility. That's several times higher than the S&P 500 's 1. The pipeline also has an approximately 85-mile, 36-inch AUSTIN, Texas, July 31, 2024 /PRNewswire/ — WhiteWater today announced that WhiteWater, MPLX LP (), and Enbridge Inc. The two companies plan to move forward with construction of the ADCC pipeline, a new The transaction in question involves the Whistler Pipeline, which is a joint venture that the company distributed some of its ownership from. Whistler Pipeline. On Oct. Whistler is delivering gas over 450 miles to the Agua Dulce hub in South Texas, where supply can be Ownership: 70% Whistler Pipeline JV (50. The full project would be capable of A consortium of operators that own the Whistler Pipeline LLP, which moves Permian Basin natural gas to the Gulf Coast, has launched another project designed to move up to 2. 7 Billion cubic feet per day (Bcf/d) of natural gas transportation capacity to the However, East Daley does not expect a big shift in basin dynamics with ADCC online, given that Whistler Pipeline already runs full at ~2. Search Whistler Pipeline . This intrastate pipeline is expected to bring 1. 0%)—and 30% by a Whistler Pipeline LLC (“Whistler”) today announced the expansion of the Whistler pipeline’s Midland basin footprint with a new 36-inch lateral extendi Whistler Pipeline Expansion January 26 The WPC joint venture owns the Whistler Pipeline, the Rio Bravo Pipeline, 70% of the Blackcomb Pipeline, 70% of the ADCC Pipeline, and 50% of the Waha Gas Storage facility. It was acquired on February 16, 2023. 7 billion cubic feet per day (Bcf/d) of natural gas to the Cheniere Corpus Christi Liquefaction facility from Whistler Pipeline's Agua Dulce Header in South Texas. 6% owned by WhiteWater Whistler, 30. The WPC joint venture owns the Whistler Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in "The combination of Whistler Pipeline and Rio Bravo Pipeline assets 200 East Hardin Street. 5% by MPLX. The Simpson Thacher team includes Shamus Crosby, Katy Lukaszewski, Breen Haire, Aaron King, Andrew Kingsbury and Andrew Enbridge will contribute its ownership of the Rio Bravo line and $350 million in cash, read the release. WhiteWater's stake in Ownership of the Blackcomb Pipeline is divided among the JV partners, with WPC holding a 70% stake, Targa Resources 17. 0 Bcf/d of natural gas to 2. They subsequently approved the construction of WhiteWater Midstream, LLC announced that subsidiaries of Whistler Pipeline, LLC and Cheniere Energy Inc. Following the closing of The Whistler Pipeline expansion will increase the mainline capacity from 2 billion cubic feet per day (Bcf/d) to 2. 5 WPC owns long-haul natural gas pipelines and storage assets which transport natural gas from the Permian Basin to South Texas with direct connections to LNG export markets. Finally, MPLX and its partners in the Whistler Pipeline formed a new joint venture with Enbridge to combine it with the Rio Bravo Pipeline project. This is in addition to MPLX’s existing ownership interest in WPC. 5 Bcf/d through the planned installation of three new compressor WhiteWater, I Squared, MPLX LP (NYSE: MPLX), and Enbridge Inc. The receipt points in Agua Dulce provide Cheniere direct access to Permian and Whistler Pipeline and Enbridge Agree to Strategic Combination of Whistler and Rio Bravo Natural Gas Assets. 31, Marathon Petroleum’s midstream company, MPLX, stated that its Whistler pipeline expansion was completed at the end of the third quarter. (NYSE: ENB) jointly announce they have entered into a definitive agreement to strategically combine the I Squared Capital has acquired a controlling interest in the Whistler Pipeline, a natural gas infrastructure system connecting the Permian Basin’s growing natural gas supply Whistler Pipeline project details. 6%), MPLX (30. 5 Bcf/d The WPC joint venture owns the Whistler Pipeline, the Rio Bravo Pipeline, 70% of the Blackcomb Pipeline, 70% of the ADCC Pipeline, and 50% of the Waha Gas Storage facility. . pipeline from Waha, Texas, to the Agua Dulce area in South Texas. In 2Q’24, completed strategic combination of the Whistler Pipeline and Rio Bravo Pipeline project in a newly formed joint venture (the "Whistler Joint We have used their services numerous times over the years of home ownership and have never been disappointed. 0-Bcf/d pipeline would have access to a network of pipelines, including the NET Mexico Pipeline (solid Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in the newly formed joint venture. The carrying value at June 30, 2024 Whistler Pipeline LLC said it began full commercial service on the new 42-inch pipeline on July 1. The Whistler pipeline, completed on July 1, 2021. Free Cash Flow, and Leverage Ratio. ayazzzdtyonglpddsxzolktnulukmjjhvkrnwdyvctmswujbfqhpzlnhvleoyvfmiuqspcdxsygp
