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New Deal


Announced

Completed

Noble Midstream and Salt Creek Midstream completed the formation of Delaware Crossing.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

oil and gas producer

Majority

Friendly

Private

Completed

Joint Venture

Single Bidder

Domestic

Integrated Oil and Gas

Synopsis

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Noble Midstream, a provider of crude oil, natural gas, and water-related midstream services, and Creek Midstream, a full-service midstream provider, completed the formation of Delaware Crossing, an oil and gas producer. Financial terms were not disclosed. Delaware Crossing will provide crude oil gathering and transportation services and include a 95-mile pipeline in the southern Delaware Basin originating in Pecos County, Texas, with additional connections in Reeves County and Winkler County, Texas.

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