Northwind Canada Inc.
Kinder Morgan Inc
Piper Sandler Companies
May 19 (Reuters) - The private equity owner of Northwind Midstream is exploring a potential sale of the Permian Basin gas infrastructure operator, with any deal expected to value the company upwards of $2 billion, including debt, people familiar with the matter said.
Five Point Infrastructure is working with investment bankers at Piper Sandler on the sale effort. The process is in its early stages, with initial outreach made to potential buyers, and interest is expected to come from midstream companies as well as other buyout and infrastructure funds.
The people cautioned that there was no guarantee a deal would be struck, and any agreement could come at a different valuation. They also spoke on condition of anonymity to discuss private deliberations. Five Point declined comment. Northwind and Piper Sandler did not respond to requests for comment.
Drill pipe is seen on a drilling site in the Permian Basin oil and natural gas production area near Wink, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
>> In Other News: 8 Climate Tech Startups Revolutionizing Carbon Removal and Hydrogen Production
Northwind Midstream was formed by Five Point in 2022 and, since then, the company has developed a system of pipelines, compressor stations and a treatment facility in the northern part of the Delaware Basin, predominantly in New Mexico.
The company focuses on moving and treating so-called acid gas, a form of natural gas which is high in hydrogen sulfide and carbon dioxide. The chemical compounds need to be removed before the natural gas can be used for commercial purposes.
The sale effort involving Northwind is the latest example of private equity owners aiming to offload the energy infrastructure networks which their companies have spent recent years building out to support growing U.S. shale production.
NGP Energy Capital Management sold Outrigger Energy II to Kinder Morgan in February for $640 million, and Morgan Stanley Energy Partners is currently marketing for sale a majority stake in Brazos Midstream II for around $2 billion.
Dealmaking activity is supported by publicly-listed pipeline operators wanting to expand their capabilities after spending recent years paying down debt and improving their stock prices.
Competition for assets is supplemented by a healthy appetite from investment firms, which have raised billions of dollars to buy energy infrastructure, which offers steady returns from the fees levied for moving oil and gas.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💥 North America's $170B Hydrogen Surge: Why 2025 is the Tipping Point ⚙️ First Centrifugal on Board Carbon Capture System Launches 🌾 AgriCapture Rice Methane Reduction Project R...
Inside This Issue 🏭 Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy ⛽ Next Hydrogen Launches Ontario’s Largest Onsite Clean Hydrogen Refuelling S...
Inside This Issue 💰 Gevo Sells Carbon Credits from North Dakota Asset ⚡ US Companies CPS Energy, Modern Hydrogen Agree to Work on Clean Power Generation Project ✈️ ESAF Takes Flight: Power-to-Liqu...
RYAM and GranBio Sign MOU to Explore Cellulosic SAF Project at Jesup Facility
JACKSONVILLE, Fla. - Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company” or “RYAM”), the global leader in cellulose specialty products, announced today the signing of a Memorandum of Under...
The following statement may be attributed to Jessie Stolark, executive director of the Carbon Capture Coalition (the Coalition), a non-partisan collaboration of companies, labor unions, and NGOs bu...
Asahi Kasei to Supply 1 MW-Class Alkaline-Water Electrolyzer to Hydrogen Project in Finland
DÜSSELDORF, Germany & TOKYO & NOVI, Mich. - Asahi Kasei will supply its Aqualyzer™-C3 containerized 1 MW-class alkaline-water electrolyzer to the Central Finland Mobility Foundation (Cefmof...
Montreal, Quebec--(Newsfile Corp. - July 30, 2025) -- Quebec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) ("QIMC" or the "Company"), a leading innovator in clean natural hydroge...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.