EagleClaw Midstream to buy rival Caprock for about $950 million | Reuters

(Reuters) – Blackstone-backed pipeline company EagleClaw Midstream Ventures LLC said on Wednesday it would buy rival Caprock Midstream Holdings for about $950 million, strengthening its presence in the oil-rich Permian Basin.

A surge in oil and gas production in the Permian basin of west Texas and New Mexico has outstripped transport capacity and has encouraged midstream companies to invest in the region.
— Read on www.reuters.com/article/us-caprock-midstream-holdings-m-a-eaglec/eagleclaw-midstream-to-buy-rival-caprock-for-about-950-million-idUSKCN1LL1EC