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PE firm acquires Delaware gas shipper WhiteWater

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Funds managed by First Infrastructure Capital Advisors agreed on Feb. 4 to acquire WhiteWater Midstream, the majority owner of Agua Blanca, a 1.4 Bcf/d gas pipeline system in the Delaware Basin. In addition to WhiteWater’s 60% stake in Agua Blanca, First Infrastructure acquired E&P firm WPX Energy’s 20% stake in the system.Agua Blanca consists of about 90 miles of 36-inch pipeline and 70 miles of smaller diameter pipeline crossing portions of Culberson, Loving, Pecos,......
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