What is Goodnight Midstream?
Goodnight Midstream operates at the intersection of energy production and environmental stewardship, providing essential midstream services for the management of produced water. The company's core value proposition lies in its extensive network of disposal wells and gathering pipelines, which offer producers a reliable, high-uptime solution for saltwater disposal. By prioritizing redundant systems, the firm effectively mitigates operational risks for its clients while simultaneously reducing the environmental footprint associated with oil and gas extraction.
The company's market position is defined by its strategic footprint in the most prolific shale fields in the United States. Through a combination of technical expertise and a commitment to long-term client relationships, Goodnight Midstream has established itself as a vital partner for producers seeking to optimize their operational efficiency and adhere to increasingly stringent environmental standards.
How much funding has Goodnight Midstream raised?
Goodnight Midstream has raised a total of $685M across 3 funding rounds:
Private Equity
$80M
Debt
$105M
Private Equity
$500M
Private Equity (2016): $80M with participation from Tailwater Capital
Debt (2016): $105M led by Texas Capital Bank, ABN AMRO, Cadence Bank, and East West Bank
Private Equity (2019): $500M supported by Tailwater Capital
Key Investors in Goodnight Midstream
Tailwater Capital
Tailwater Capital is a specialized private equity firm operating within the energy and infrastructure investment sector, with a primary focus on building and scaling businesses across the energy value chain.
ABN AMRO
Established in 1991 and headquartered in North Holland, Netherlands, ABN AMRO is a company that provides banking services for retail, private, and corporate banking sectors.
East West Bank
East West Bancorp, Inc. operates as the holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, and professionals.
What's next for Goodnight Midstream?
With the recent infusion of $500M, Goodnight Midstream is well-positioned to accelerate its infrastructure expansion and enhance its technological capabilities. The company is expected to leverage this capital to further densify its gathering networks in the Permian Basin and potentially explore new geographic opportunities where water management remains a critical bottleneck for producers. As the energy industry continues to emphasize sustainable practices, Goodnight Midstream's focus on reliable, low-risk disposal systems will likely remain a key driver of its long-term growth strategy. The firm's ability to maintain strong institutional partnerships will be instrumental as it navigates the complexities of large-scale energy infrastructure development.
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