Evolution Midstream Closes Acquisition of Rowdy Gas Gathering System, Wyoming
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Evolution Midstream, LLC has closed on acquisition of the Rowdy Gas Gathering System. The Rowdy System is strategically located in the heart of Wyoming’s Powder River Basin and serves oil and gas producers in Campbell, Converse and Johnson counties.
“As a result of closing this transaction, Evolution now operates approximately 1,000 miles of gas gathering lines and 43,700 horsespower of compression,” said Evolution CEO Raj Basi.
“We are excited to begin working with Rowdy’s customers and other producers in the Powder River Basin. Our goal is to leverage our experience to expand the system with infrastructure that meets producer needs and offers maximum optionality and the highest possible netbacks. Given our team’s deep midstream experience, capabilities in project management and track record of success, ownership of these high-quality assets is a significant milestone as we start developing our vision for a comprehensive gas gathering, treating and processing solution set in the area. We also will explore development of a crude oil gathering system,” added Basi.
• The Rowdy Gas Gathering System’s pipeline and compression assets are strategically located in the heart of Wyoming’s Powder River Basin.
• Evolution will expand the system’s gas gathering footprint and expects to add treating and processing infrastructure.
• The company also will explore development of a crude oil gathering system.
About Evolution Midstream
Based in Denver and founded in 2015, Evolution Midstream is an independent midstream company serving oil and gas producers operating in unconventional shale plays in the Rocky Mountain region. Evolution’s vision of success is built on fostering strong, long-term relationships with all constituents and finding creative ways to improve producer netbacks. Evolution cultivates these relationships based on trust, accountability and fairness to ensure that all stakeholders are heard, valued and served. Capabilities include in-field natural gas gathering, compression, treating and processing services; innovative NGL solutions; and crude oil gathering, transportation and storage. Evolution is backed by venture capital commitments from EnCap Flatrock Midstream.
To stop by Evolution Midstream’s website, CLICK HERE
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