Porter Hedges represented White Star Petroleum, LLC (“White Star”) in the sale of its interest in a midstream gathering system and associated assets to 4 AM Midstream,LLC (“4 AM”), a midstream company founded in 2017 and based in Oklahoma City.
The assets are located in Logan, Noble and Payne counties in the Mid-Continent region of Oklahoma and include 253 miles of gas gathering pipelines including 26 miles of high pressure lines and 214 miles of crude oil gathering pipelines.
White Star Petroleum, LLC is an independent oil and natural gas company focused on the acquisition, development, operation and production of unconventional oil and natural gas properties located in the Mid-Continent region in Oklahoma. It is majority owned and controlled by an affiliate of The Energy & Minerals Group, a management company for a series of specialized private equity funds.
The Porter Hedges team was led by Ray Lees in Oklahoma City and Mac Marshall in Houston with assistance from Scott Muehlberger and Jonathan Strom.
For additional information, please see the press release here.