Trace Midstream Partners II, LLC acquires LM Energy’s Natural Gas Gathering and Transportation Infrastructure in Northern Delaware Basin
Acquiring Company
Trace
Acquired Company
LM Energy Delaware
HoustonDallasEnergyOil And GasEnergyOil And GasDescription
Trace Midstream Partners II, LLC, a portfolio company of Quantum Capital Group, has entered into agreements with LM Energy Delaware, LLC to acquire its natural gas gathering and transportation assets in the Northern Delaware Basin. This acquisition allows Trace to expand its operations into the Northern Delaware Basin and build upon LM Energy’s already well-executed system and track record of success.
Quick answer
Trace is acquiring LM Energy Delaware, announced August 6, 2024. Trace is based in Houston, Texas, United States.
- How much did Trace pay for LM Energy Delaware?
- The deal value was not disclosed.
- What does Trace do?
- Trace is focused on developing carbon capture and sequestration (CCS) projects across North America and the midstream infrastructure required to service these projects.
- Where are Trace and LM Energy Delaware based?
- Trace is based in Houston, Texas, United States. LM Energy Delaware is based in Dallas, Texas, United States.
- Who are the decision-makers at Trace?
- Fundz holds 1 contact at Trace. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired LM Energy Delaware?
LM Energy Delaware was acquired by Trace, based in Houston. The deal was reported on August 6, 2024. Trace is focused on developing carbon capture and sequestration (CCS) projects across North America and the midstream infrastructure required to service these projects. Trace is privately held and operates in Energy.
When did Trace acquire LM Energy Delaware?
Trace's acquisition of LM Energy Delaware was reported on August 6, 2024. Trace Midstream Partners II, LLC, a portfolio company of Quantum Capital Group, has entered into agreements with LM Energy Delaware, LLC to acquire its natural gas gathering and transportation assets in the Northern Delaware Basin. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does LM Energy Delaware do?
It is privately held, operating in Energy, and is based in Dallas.
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