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Goodnight Midstream receives funds to expand oil field water operations

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Goodnight Midstream a Dallas pipeline operator receives $500 million in private equity funds to enlarge the company’s oil field water operations.

Tailwater Capital, a Dallas-based private equity firm has committed more than $500 million for Goodnight Midstream to expand its operations.

Goodnight formed in 2011 operates hundreds of miles of produced water pipelines and several saltwater disposal wells in Bakken Shale of North Dakota, the Permian Basin of West Texas and Eagle Ford Shale of South Texas.

In a statement, Goodnight Midstream CEO, Patrick Walker said with this capital flexibility, they will continue to meet the increasing demand from their customers for scalable produced water infrastructure solutions and remain focused on providing safe, reliable and environmentally sustainable produced water logistics services to customers.

Source chron.com
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