What is Oryx Midstream Services?
Oryx Midstream Services is a prominent provider of midstream crude oil logistics solutions, operating within the vital Permian Basin. Established in 2013, the company has strategically expanded its operations, notably through a joint venture with Plains All American, to offer comprehensive, value-driven services to producer customers. Oryx emphasizes operational excellence, reliability, and partnership, guided by its core principles known as The Oryx Way, which prioritize safety, stewardship, and efficiency in all its endeavors.
How much funding has Oryx Midstream Services raised?
Oryx Midstream Services has raised a total of $850M across 2 funding rounds:
Private Equity
$300M
Private Equity
$550M
Private Equity (2014): $300M with participation from Post Oak Energy Capital, Quantum Energy Partners, and Wells Fargo Energy Capital
Private Equity (2019): $550M led by Qatar Investment Authority
Key Investors in Oryx Midstream Services
Post Oak Energy Capital
Post Oak Energy Capital is a Houston-based private equity firm that specializes in investments in upstream oil & gas, mineral rights, and related infrastructure sectors within the energy industry. The firm aims to identify exceptional energy entrepreneurs with clear business plans focused on core producing basins in North America.
Quantum Energy Partners
Founded in 1998, Quantum Energy Partners is a leading global provider of private equity, credit, structured capital and venture capital to the responsibly sourced energy and energy transition & decarbonization sectors. They have managed together with their affiliates more than $18 billion in capital commitments since inception.
Wells Fargo Energy Capital
Wells Fargo is a leading U.S. financial services firm providing banking, lending, investment, and mortgage solutions. Known for its extensive branch network and diverse product offerings, the company maintains a significant market presence.
What's next for Oryx Midstream Services?
The substantial enterprise-level funding and recent strategic investment indicate Oryx Midstream Services is poised for continued expansion and operational enhancement. This capital infusion is likely to support further infrastructure development, capacity increases, and potentially new market entries, solidifying its role as a key player in the Permian Basin's midstream sector. The company's focus on producer partnerships suggests a strategy centered on organic growth and service optimization.
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