Oryx Midstream Receives $300 Million Equity Commitment and Enters Permian Basin with Substantial Acreage Dedication
April 9, 2014 | Oryx Midstream
Oryx Midstream Services, LLC (Oryx) today announced it has received an equity commitment totaling up to $300 million from Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, Oryx management and other private investors. Oryx will pursue midstream opportunities in the Permian Basin, focusing initially on the Delaware Basin in Texas and New Mexico. The company expects to leverage its deep energy industry experience and build on strong relationships with oil and gas producers in the region to provide a full suite of midstream services.