Stonepeak to acquire Oryx for about $3.6 bln

Stonepeak Infrastructure Partners has agreed to acquire Oryx for about $3.6 billion. The sellers included Quantum Energy Partners, Post Oak Energy Capital, Concho Resources and WPX Energy. Barclays advised Stonepeak Infrastructure Partners on the transaction while Jefferies LLC and Citi acted as financial advisers to Oryx and its sellers. Based in Midland, Texas, Oryx is a midstream crude operator in the Permian Basin.

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