News / Blog

For those of us at Reese Energy Consulting, keeping current with “who owns what” in the midstream sector is an everyday exercise to stay on top of our game. With the number of MLPs and private equity firms holding ownership stakes, the task can be daunting to say the least. Last year, we saw a blizzard of mergers and acquisitions to the tune of $50+ billion—enough to keep any recorder of these financial swaps pressing hard overtime. And the dance isn’t over yet. Just take a look at Houston-based Anadarko Petroleum. In early November last year, the company announced it would sell substantially all of its domestic midstream assets for more than $4 billion to its Western Gas Partners, LP. Western Gas purchased Nuevo Midstream in 2014. Yesterday, Nuevo announced it would acquire Republic Midstream. Nuevo is backed by EnCap Flatrock Midstream. Get the picture? Keeping Up With The Midstreamers is a critical part of REC’s strategy to provide the due-diligence and project planning, design and engineering, and marketing and financial forecasting expertise our midstream clients depend on.