What is Goodnight Midstream?
Goodnight Midstream specializes in providing essential midstream saltwater disposal services tailored for oil and gas producers. The company operates an extensive network of water gathering pipelines and disposal wells, designed to offer reliable and cost-effective solutions. With a strategic focus on minimizing environmental impact, Goodnight Midstream serves key oil shale regions including the Williston Basin, Permian Basin, and Eagle Ford shale. Their commitment to building enduring client relationships is supported by redundant disposal systems that ensure high operational uptime and mitigate risks for their customers. This dedication to service and infrastructure makes them a critical partner in the energy production lifecycle.
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 East West Bank, Cadence Bank, ABN AMRO, and Texas Capital Bank
Private Equity (2019): $500M supported by Tailwater Capital
Key Investors in Goodnight Midstream
Tailwater Capital
Tailwater Capital is a private equity firm focused on the energy and infrastructure sectors, known for its hands-on approach to building and scaling businesses within the energy value chain. They specialize in identifying opportunities in upstream and midstream energy segments, applying both capital and operational expertise to drive growth.
East West Bank
East West Bank is a financial institution offering a comprehensive suite of personal and commercial banking services, with a particular strength in facilitating financial transactions between the United States and Greater China. They provide various lending and deposit products to businesses and individuals.
Cadence Bank
Cadence Bank offers a wide array of commercial banking and financial services, including consumer banking, mortgages, commercial lending, treasury management, and wealth management. Founded in 1876, the bank serves businesses and individuals with diverse financial needs.
What's next for Goodnight Midstream?
The recent major strategic investment in Goodnight Midstream signals a phase of accelerated expansion and operational enhancement. This capital infusion is expected to bolster the company's infrastructure development, potentially increasing its disposal capacity and extending its service reach into new or existing high-demand shale plays. Furthermore, the financing may support technological advancements aimed at improving efficiency and environmental compliance, reinforcing Goodnight Midstream's competitive advantage. As the energy sector continues to evolve, this strategic backing positions Goodnight Midstream to capitalize on opportunities and solidify its role as a leading provider of midstream water management solutions.
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