Midstream – Gathering System

In June 2009, EIG formed a new entity to acquire the West Texas gathering assets of a publicly traded exploration and production company.

nations_midstreamEIG had followed the acquired gathering assets and associated reserves for over a decade, and also had a 15 year relationship with the seller. EIG approached the seller and ultimately struck a deal whereby EIG acquired the assets and the seller obtained liquidity for its core upstream business. The gathering assets are leased back to the seller under long-term ship-or-pay contracts that entitle EIG to a primarily fixed tariff for capacity on the system.

EIG News & Announcements

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  • July 14, 2014 Noble Group and EIG Form New Energy Company HONG KONG AND WASHINGTON, D.C. — Noble Group Limited (SGX: N21) (“Noble”) and EIG Global Energy Partners (“EIG”) today announced the formation and commitment to capitalize Harbour Energy, Ltd (“Harbour Energy”), a company that will own and operate upstream and midstream energy assets globally.
  • March 28, 2014 AMG Announces Investment in EIG Global Energy Partners, William C. Sonneborn Appointed President of EIG Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management company, and EIG Global Energy Partners, LLC ("EIG") announced today that AMG is acquiring an equity interest in EIG. EIG also announced today that William C. Sonneborn has been appointed President of EIG effective May 5, 2014.
  • December 05, 2013 Ronnie Hawkins Joins EIG Global Energy Partners, Industry Veteran to Lead International Investment Activities EIG Global Energy Partners (EIG) today announced that Ronnie Hawkins will join the firm as a Managing Director, effective January 6, 2014. As a senior member of EIG’s investment team, Hawkins will lead the firm’s efforts to identify, execute and manage energy investments outside the United States.
  • December 02, 2013 EIG Holds Final Closing of Energy Fund XVI: $6 billion raised in latest EIG flagship Energy Fund EIG Global Energy Partners (EIG) today announced the successful final close of Energy Fund XVI (Fund XVI), the firm’s most recent flagship investment fund. Fund XVI is the largest fund in EIG’s history and includes capital commitments from 150 limited partners from 18 countries.
  • September 13, 2012 EIG Global Energy Partners Opens New Office in Hong Kong Washington-based EIG Global Energy Partners (EIG), a leading institutional investor to the global energy sector, today announced the opening of its Hong Kong office, its first in Asia and fifth around the globe.
  • April 05, 2012 EIG Global Energy Partners - Greenfield South Press Release On or about March 27, 2012, EIG Management Company, LLC, acting on behalf of itself and certain investment funds it manages (collectively "EIG"), filed lawsuits in the Supreme Court of the State of New York and in the Ontario Superior Court of Justice naming as defendants, respectively, i) Greenfield South Holdco, Corp. and Greenfield South Power Corporation (collectively, "Greenfield South") and ii) the Ontario Power Authority (the "OPA") and Ontario Province ("Ontario").
  • February 01, 2012 EIG Global Energy Partners Announces Sale of Minority Interest to CIC EIG Global Energy Partners (EIG) today announced a definitive agreement in which EIG and the China Investment Corporation (CIC) have entered into a transaction for a purchase of a stake in EIG. The minority investment includes no associated voting rights and is subject to certain protective rights. CIC is also an investor in EIG-managed funds.
  • November 08, 2011 EIG Global Energy Partners to Open New Office in Hong Kong EIG Global Energy Partners (EIG) today announced the opening of its fifth office, to be established in Hong Kong in early 2012.
  • November 03, 2011 Chesapeake Energy Corporation Announces Utica Shale Joint Venture Chesapeake Energy Corporation (NYSE:CHK) today announced two transactions to monetize a portion of its 1.5 million net acres of leasehold in the Utica Shale play of eastern Ohio and western Pennsylvania.
  • October 28, 2011 PXP Receives $450 Million in Financing for 20% Equity Interest in its Gulf of Mexico Business Plains Exploration & Production Company (NYSE:PXP) ("PXP" or the "Company") announced today it has executed a securities purchase agreement with EIG Global Energy Partners ("EIG") in which PXP will receive $450 million of cash proceeds in exchange for a 20% equity interest in Plains Offshore Operations Inc. ("Plains Offshore")