AUSTIN--(BUSINESS WIRE)--WhiteWater Midstream, LLC (“WWM”), today announced that it is holding a binding Open Season to solicit commitments for firm natural gas transportation service to develop and construct a new interstate pipeline connecting multiple receipt points in Eddy County, New Mexico to delivery points in Northern Culberson County, Texas. WWM is conducting this binding open season to determine customer needs for firm natural gas transportation service between receipt points located in and from Eddy County to multiple delivery points in and to New Mexico and Texas.
OPEN SEASON PROCEDURE AND DURATION
The Open Season will commence on Wednesday, January 9, 2019 and conclude at 5:00 PM CST on Friday February 15, 2019. WWM may, in its sole discretion, extend the duration of the Open Season at any time during the Open Season.
Any shipper seeking additional information regarding Steady Eddy Pipeline can view the complete Open Season at http://whitewatermidstream.com/operations.
Prior to close of the Open Season, Parties may submit questions concerning the Open Season to steadyeddy@wwm-llc.com. WWM will post any clarifications provided in response to submitted inquiries at www.whitewatermidstream.com.
ABOUT THE STEADY EDDY PIPELINE
The project includes the construction of a 24” diameter natural gas pipeline and associated metering stations in Eddy County, New Mexico connecting multiple receipt points to one or more delivery points in Northern Culberson County, Texas.
The proposed pipeline (the “Steady Eddy Pipeline”) would provide approximately 500,000 MMBtu/d of interstate gas transportation service to New Mexico gas processors, allowing them access to multiple delivery point options in New Mexico and Texas.
ABOUT WHITEWATER MIDSTREAM
WhiteWater Midstream is an Austin based, independent infrastructure company that provides transportation services to domestic oil and gas plays. WhiteWater was founded in 2016 and is backed by equity commitments from Denham Capital Management and Ridgemont Equity Partners. For more information about WhiteWater, visit www.whitewatermidstream.com.
ABOUT DENHAM CAPITAL
Denham Capital is a leading energy-focused global private equity firm with more than $8.4 billion of invested and committed capital across eight fund vehicles. The firm makes direct investments across all stages of the corporate lifecycle. Denham’s investment professionals apply deep operational and industry experience and work in partnership with management teams to achieve long-term investment objectives. For more information about Denham Capital, visit www.denhamcapital.com.
ABOUT RIDGEMONT EQUITY PARTNERS
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $3.5 billion in 136 companies. The firm focuses on investments of $25 million to $100 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare and telecommunications/media/technology. For more information about Ridgemont, visit www.ridgemontep.com.
