Noble Midstream Partners LP (NBLX) (“Noble Midstream”) and Salt Creek Midstream LLC (“Salt Creek”) today announced the closing of the previously announced 50/50 joint venture, Delaware Crossing LLC (“Delaware Crossing”). Delaware Crossing will provide crude oil gathering and transportation services and include a 95-mile pipeline in the southern Delaware Basin originating in Pecos County, Texas, with additional connections in Reeves County and Winkler County, Texas.
Vinson & Elkins LLP acted as outside legal counsel to Noble Midstream in connection with the joint venture. Salt Creek’s legal counsel was Kirkland & Ellis LLP.
About Noble Midstream Partners
Noble Midstream is a growth-oriented master limited partnership formed by Noble Energy, to own, operate, develop and acquire domestic midstream infrastructure assets. Noble Midstream currently provides crude oil, natural gas, and water-related midstream services in the DJ Basin in Colorado and the Delaware Basin in Texas. For more information, please visit www.nblmidstream.com.
About Salt Creek Midstream, LLC
Formed in 2017, Houston-headquartered Salt Creek Midstream, LLC is a joint venture of ARM Energy Holdings, LLC and funds managed by the Private Equity Group of Ares Management Corporation. Salt Creek is a full-service midstream provider in the Delaware Basin, offering gas and crude gathering, compression, cryogenic processing and treating services, as well as water gathering and disposal services. Salt Creek currently spans over 380,000 acres in gas, approximately 415,000 acres in crude and 165,000 acres in water dedications across Culberson, Reeves, Ward, Winkler, Lea, Pecos and Eddy Counties within the Delaware Basin.