Denham Capital Management

BANGL Adds Rattler Midstream LP as Strategic Partner Following Fourth Quarter 2021 In-Service Date

Retrieved on: 
Monday, January 24, 2022

WhiteWater Midstream (WhiteWater), MPLX LP (MPLX NYSE: MPLX), and West Texas Gas (WTG) are pleased to announce the addition of a fourth partner, Rattler Midstream LP (Rattler NASDAQ: RTLR), to the companies BANGL, LLC joint venture (BANGL).

Key Points: 
  • WhiteWater Midstream (WhiteWater), MPLX LP (MPLX NYSE: MPLX), and West Texas Gas (WTG) are pleased to announce the addition of a fourth partner, Rattler Midstream LP (Rattler NASDAQ: RTLR), to the companies BANGL, LLC joint venture (BANGL).
  • WhiteWaters investment in BANGL is backed by Ridgemont Equity Partners, Denham Capital Management and the Ontario Power Generation Inc. Pension Plan.
  • BANGL is a joint venture between White Water, MPLX, WTG, and Rattler.
  • MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services.

WhiteWater Midstream Announces Strategic Joint Venture to Provide Permian Basin NGL Transportation Solutions

Retrieved on: 
Thursday, August 6, 2020

WhiteWater Midstream (WhiteWater), MPLX LP (NYSE: MPLX) and West Texas Gas, Inc. (WTG) have recently formed a Joint Venture (JV) to provide natural gas liquids (NGLs) takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, TX.

Key Points: 
  • WhiteWater Midstream (WhiteWater), MPLX LP (NYSE: MPLX) and West Texas Gas, Inc. (WTG) have recently formed a Joint Venture (JV) to provide natural gas liquids (NGLs) takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, TX.
  • The JV will provide an optimized approach to pipeline transportation service for NGLs primarily through the utilization of existing infrastructure with limited initial construction.
  • The JV is supported by volumes from key processing plants with long-term commitments from top-tier Permian producers.
  • WhiteWater Midstream is a management owned, Austin based midstream company.