Longhorn Midstream Partnering with Old Ironsides Energy for Future Midstream Ventures

Longhorn Midstream Holdings LLC. has announced that it has partnered with Old Ironsides Energy LLC., a private oil and gas investment firm investing in private equity and drilling joint ventures. 

Longhorn Midstream Holdings is a newly formed Dallas based midstream oil and gas company and has been successfully developing and acquiring midstream assets in many regions including the Midland Basin, Ark-La-Tex, the Mid-Continent, and most recently the Denver-Julesburg and Delaware Basins, across all commodities.

Mike Davis, the Managing Partner & President of Longhorn Midstream Holdings said, "The extended team has proven our ability to cost-effectively and reliably provide integrated midstream services to our producer clients."

"Old Ironsides has successfully partnered with members of the Longhorn team across multiple ventures since 2009. We are thrilled to form another company around this impressive group to continue pursuing their proven midstream strategy," said Sean O'Neill, a Managing Partner at Old Ironsides Energy.

Source:
prnewswire

New Pipeline Services Company LineStar Launches through Private Equity Mergers

A new pipeline services company is launching through the mergers of several private equity-backed companies and will focus on pipeline maintenance, services, and construction mostly in Texas and Oklahoma.

The company, LineStar Integrity Services, is the result of the merger of Tucker Midstream, Tucker Construction, and EMS Energy Services.

Tucker Midstream and Tucker Construction were acquired by The First Reserve equity firm, which then merged the two companies with its EMS Energy Services company to form the new LineStar, headquartered outside of Houston in Pasadena.

Although most of its business will be focused in Texas and Oklahoma, LineStar will also have a presence in the Northeast.

Former CEO of EMS Energy Services Daniel Cowan will take over as CEO of the new LineStar company, and former CEO of Tucker will serve as the president of midstream operations.

Source:
Houston Chronicle