Sage Midstream Receives $500 Million Equity Commitment from Stonepeak Infrastructure Partners, Texas
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Sage Midstream Ventures, LLC has received an equity commitment of up to $500 million from Stonepeak Infrastructure Partners to pursue midstream acquisition and development opportunities throughout North America’s energy industry.
Sage will pursue acquisition and development opportunities across the hydrocarbon value chain, including natural gas, natural gas liquids, crude oil, petrochemicals and refined products, with a broad focus on transportation, processing, fractionation, storage and marketing services.
“We are thrilled to have partnered with Stonepeak to pursue energy infrastructure projects and believe there is a tremendous amount of opportunity in today’s energy markets. We look forward to leveraging our combined expertise and resources to create a significant asset footprint that enables us to provide outstanding service to domestic and international producers and consumers of energy products,” said Greg Bowles, president.
“The Sage management team has extensive experience across the oil & gas midstream sector and we are delighted to partner with them as they pursue investments in North American energy infrastructure. We believe the current market environment will present a wide range of opportunities for Sage and we look forward to a successful long term partnership,” said Michael Dorrell, senior managing director and co-founder of Stonepeak.
About Sage Midstream Ventures, LLC
Headquartered in Houston, Texas, Sage Midstream is a privately held company with a focus on acquiring and developing midstream energy infrastructure. Sage offers the entire value chain of midstream services including gathering and processing, long-haul transportation, storage, fractionation, and marketing. Sage is backed by an equity commitment from Stonepeak Infrastructure Partners and Sage management.
To stop by Sage’s website, CLICK HERE
About Stonepeak Infrastructure Partners
Stonepeak Infrastructure Partners is a North America focused private equity firm with a conservative yet opportunistic approach to infrastructure investing. Stonepeak invests in businesses comprised of hard assets with leading market positions primarily in the following sectors: energy, power and renewables, transportation, utilities, water, and communications.
To stop by Stonepeak’s website, CLICK HERE
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