Sunya Get smarter about energy transition
  • Home
  • Industry News
  • Newsletter
  • Podcast
  • Contact Us
Sunya
Industry News
September 4, 2024

EnCap Flatrock-backed Edgewater Midstream to acquire refined products logistics footprint in the Houston refining corridor from Shell

Newsfeed
Edgewater Midstream to Acquire Refined Products Logistics Footprint in the Houston Refining Corridor From Shell:


September 04, 2024 08:30 AM Eastern Daylight Time

HOUSTON–(BUSINESS WIRE)–Edgewater Midstream LLC (“Edgewater”), a portfolio company of EnCap Flatrock Midstream, announced today that it has entered into agreements with certain subsidiaries of Shell USA, Inc. (“Shell”) to acquire the Sinco Pipeline system and the Colex East and Colex West Terminals in the Houston refining corridor. Subject to regulatory approvals, the transaction is expected to close in the fourth quarter of 2024.

The Sinco Pipeline system includes a series of intrastate refined products pipelines connecting the Deer Park Refinery Complex to the Colex East and Colex West Terminals, along with various other refined products and crude oil terminals along the Houston Ship Channel. With approximately 3 million barrels of motor fuels storage capacity, the Colex East and Colex West Terminals also include a strategic connection at the origin of the Colonial Pipeline, providing a direct conduit into the largest refined products pipeline in the United States, and a connection to the Explorer Pipeline which delivers refined products from the U.S. Gulf Coast to Midwest markets.

“These strategic assets are linked to consistent refinery activity, and provide critical connectivity and market flexibility for customers along the Gulf Coast,” said David Anders, Edgewater’s Chief Executive Officer. “We are excited to execute these agreements with Shell and look forward to working closely with key customers and shippers to understand their needs and collaborate on potential growth opportunities. Our operations team is focused on providing a high level of service, and we hope our commercial efforts will enhance the logistical capabilities of the assets for the benefit of our customers and shippers.”

“We are pleased to expand our longstanding partnership with Edgewater as they establish a presence on the Gulf Coast,” said Sam Pitts, Managing Partner of EnCap Flatrock Midstream. “We are confident that these strategic assets, coupled with the commercial and operational capabilities of the Edgewater team, will provide a platform for growth and significant value for all stakeholders.”

Baker Botts L.L.P. acted as legal counsel to Edgewater on the transaction.

About Edgewater Midstream LLC

Based in Houston and established in late 2019, Edgewater Midstream provides independent midstream solutions to refiners, producers and marketers of crude oil, refined products and other bulk liquids. The company is led by Chief Executive Officer and Chief Financial Officer, David Anders, Chief Commercial Officer, Brian Thomason, and Chief Operating Officer, Mike Truby. For more information, please visit www.edgewatermidstream.com.

About EnCap Flatrock Midstream

EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. EnCap Flatrock Midstream is based in San Antonio with offices in Oklahoma City and Houston. Since inception, the firm has managed investment commitments of nearly $10 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from its latest flagship fund, EFM V. For more information, please visit www.efmidstream.com.

Contacts

Media:
Meredith Howard
Redbird Communications Group
(210) 737-4478
[email protected]

TAGS: #industrynews
PREVIOUS ARTICLES
Home > Industry News
September 4, 2024

First Citizens Bank arranges $145 million in financing for EnCap-backed Linea Energy

NEXT ARTICLES
Home > Industry News
September 4, 2024

Eni and Snam launch Ravenna CCS, Italy’s first Carbon Capture and Storage project

Comments are closed.
Related Post
September 5, 2024
EPA issues draft Class VI permits for
October 19, 2024
DOE announces $900 million to build and
November 7, 2024
FREYR Battery announces acquisition of Trina Solar’s
October 3, 2024
energyRe and Google Sign 12-Year Power Purchase

Recent Posts

  • PureWest and Gunvor Group Partner to Accelerate Use of Verified Low-Carbon Gas Solutions
  • ONEOK Acquires Remaining Interest in Delaware Basin JV
  • CarbonQuest Enters Food & Beverage Industry with On-Site CO2 Capture and Reuse Technology
  • Energize Capital raises $430 million to capitalize and scale digitally-enabled climate solutions
  • Terra Energy Partners II Announces Equity Commitment from Kayne Anderson

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023

Categories

  • Industry News
  • Newsletter
  • Podcast
Scroll To Top
© Copyright 2024 Sunya Technologies Inc.