Crestwood, First Reserve Venture Picks Up Swath of Delaware Basin Assets in Permian

SUGAR LAND--June 22, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Crestwood Equity Partners LP (NYSE:CEQP) (Houston, Texas) and First Reserve Corporation (Greenwich, Connecticut) recently announced that their joint venture, Crestwood Permian Basin Holdings LLC, now owns all of Crestwood's Delaware Basin assets, following its acquisition of the Willow Lake Cryogenic Natural Gas Processing Plant and related assets in Eddy County, New Mexico. Industrial Info is tracking more than $3.5 billion in active projects involving the two companies.

Within this article: Details on the joint venture's New Mexico properties, as well as Crestwood and First Reserve's active projects in North Dakota and Texas.

Other companies featured: Targa Resources (NYSE:TRGP), General Electric (NYSE:GE), Berkshire Hathaway Incorporated (NYSE:BRKA), Citigroup (NYSE:C) and HSBC (NYSE:HSBC).