AIMCo invests in Howard Midstream's Delaware Basin JV
Howard Midstream Energy Partners LLC has partnered with WPX Energy Inc (NYSE: WPX) in a joint venture to develop crude oil and natural gas gathering and processing infrastructure in the Delaware Basin in New Mexico and Texas. The joint venture is being funded by Singapore's GIC Private Ltd and existing investors in the company, Alinda Capital Partners and Alberta Investment Management Co (AIMCo). An initial US$563 million of new capital will be committed to the initiative. AIMCo last year acquired a 28 percent interest in San Antonio, Texas-based Howard Midstream.
13 June 2017•4 mins read
