I Squared, MPLX, and Enbridge to Acquire Interests in Matterhorn Express Pipeline
In a significant infrastructure deal, I Squared, MPLX LP (MPLX), and Enbridge Inc. (ENB) have agreed to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners and Devon Energy (DVN). Post-transaction, the ownership structure will be distributed as follows: WhiteWater will hold 65%, while MPLX and Enbridge will each own 10% of the pipeline. WhiteWater's equity stake will be jointly supported by FIC and I Squared, and they will continue to operate the pipeline. The deal is scheduled to close in Q2 2025.
In un'importante operazione infrastrutturale, I Squared, MPLX LP (MPLX) e Enbridge Inc. (ENB) hanno concordato di acquisire partecipazioni azionarie nel Matterhorn Express Pipeline da Ridgemont Equity Partners e Devon Energy (DVN). Dopo la transazione, la struttura proprietaria sarà così ripartita: WhiteWater deterrà il 65%, mentre MPLX ed Enbridge possiederanno ciascuno il 10% del gasdotto. La quota azionaria di WhiteWater sarà sostenuta congiuntamente da FIC e I Squared, che continueranno a gestire il gasdotto. L'accordo è previsto in chiusura nel secondo trimestre del 2025.
En un importante acuerdo de infraestructura, I Squared, MPLX LP (MPLX) y Enbridge Inc. (ENB) han acordado adquirir participaciones accionarias en el Matterhorn Express Pipeline de Ridgemont Equity Partners y Devon Energy (DVN). Tras la transacción, la estructura de propiedad se distribuirá de la siguiente manera: WhiteWater tendrá el 65%, mientras que MPLX y Enbridge poseerán cada uno el 10% del oleoducto. La participación accionaria de WhiteWater estará respaldada conjuntamente por FIC e I Squared, y continuarán operando el oleoducto. El acuerdo está programado para cerrarse en el segundo trimestre de 2025.
중대한 인프라 거래에서 I Squared, MPLX LP (MPLX), 그리고 Enbridge Inc. (ENB)는 Ridgemont Equity Partners와 Devon Energy (DVN)로부터 Matterhorn Express Pipeline의 지분을 인수하기로 합의했습니다. 거래 후 소유 구조는 다음과 같이 분배됩니다: WhiteWater가 65%를 보유하고, MPLX와 Enbridge가 각각 10%씩 소유하게 됩니다. WhiteWater의 지분은 FIC와 I Squared가 공동 지원하며, 이들은 파이프라인 운영을 계속할 예정입니다. 이 거래는 2025년 2분기에 마무리될 예정입니다.
Dans une opération d'infrastructure majeure, I Squared, MPLX LP (MPLX) et Enbridge Inc. (ENB) ont convenu d'acquérir des participations dans le Matterhorn Express Pipeline auprès de Ridgemont Equity Partners et de Devon Energy (DVN). Après la transaction, la structure de propriété sera répartie comme suit : WhiteWater détiendra 65 %, tandis que MPLX et Enbridge posséderont chacun 10 % du pipeline. La participation de WhiteWater sera soutenue conjointement par FIC et I Squared, qui continueront à exploiter le pipeline. La clôture de l'accord est prévue pour le deuxième trimestre 2025.
In einem bedeutenden Infrastrukturgeschäft haben I Squared, MPLX LP (MPLX) und Enbridge Inc. (ENB) zugestimmt, Beteiligungen am Matterhorn Express Pipeline von Ridgemont Equity Partners und Devon Energy (DVN) zu erwerben. Nach der Transaktion wird die Eigentümerstruktur wie folgt verteilt sein: WhiteWater hält 65%, während MPLX und Enbridge jeweils 10% der Pipeline besitzen. Der Anteil von WhiteWater wird gemeinsam von FIC und I Squared getragen, und sie werden weiterhin die Pipeline betreiben. Der Abschluss des Geschäfts ist für das zweite Quartal 2025 geplant.
- Devon Energy successfully divests its interest in Matterhorn Express Pipeline, potentially improving its balance sheet
- None.
Following the close of the transaction, WhiteWater, MPLX and Enbridge will own
The transaction is expected to close in the second quarter of 2025.
About the Matterhorn Express Pipeline
The Matterhorn Express Pipeline was placed into service in November 2024 and has approximately 2.5 billion cubic feet per day of fully contracted capacity. The system is comprised of an approximately 510-mile 36-inch and 42-inch diameter mainline and associated compression that transports natural gas from the Waha area in the Permian Basin to
About WhiteWater
WhiteWater is an Austin, Texas based infrastructure company and operator of multiple gas transmission assets, including the Whistler Pipeline, the Blackcomb Pipeline and the Matterhorn Express Pipeline. WhiteWater is partnered with multiple private equity funds, including but not limited to FIC and I Squared Capital. For more information about WhiteWater, visit www.wwdev.com.
About I Squared
I Squared Capital is a leading global infrastructure investor managing
About FIC
FIC is an investment firm with a focus on critical infrastructure assets across the energy and power use value chains. FIC focuses on investment opportunities that generate long-term capital appreciation in the gas transmission, downstream, power and utilities, renewables, and data/telecommunications industries. We partner with management teams and businesses to accelerate the development of strategic assets that serve society's growing energy needs and the associated decarbonization of industrial infrastructure. For more information about FIC, please visit www.FICfund.com.
About MPLX LP
MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. MPLX also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're also advancing new technologies including hydrogen, renewable natural gas and carbon capture and storage. Headquartered in Calgary,
About Ridgemont Equity Partners
Ridgemont Equity Partners is a
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SOURCE WhiteWater
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