Porter Hedges Represents Elevate Midstream in an Equity Commitment of up to $100M from Tailwater Capital

Firm News

Porter Hedges represented Elevate Midstream Partners, LLC ("Elevate Midstream”) in an equity commitment of up to $100 million from Tailwater Capital LLC ("Tailwater"). 

The newly formed Elevate Midstream’s services include natural gas gathering, compression, treating, processing and transportation; crude oil and condensate gathering, stabilization, transportation and storage; produced water gathering and disposal, and related marketing services.

Elevate Midstream is a full-service, private midstream service company headquartered in Houston, Texas focused on providing responsive, scalable, value enhancing midstream solutions to exploration and production customers across the U.S. onshore oil and gas production basins.

Tailwater is a highly specialized, growth-oriented energy private equity firm based in Dallas, Texas with a well-established track record, having executed more than 65 energy transactions in the upstream and midstream sectors representing over $16.6 billion in transaction value.  Tailwater currently manages over $2.1 billion in committed capital, over $700 million of which is available for new investments.