Willkie client Silver Creek Midstream, LLC (“Silver Creek”) completed an equity commitment upsize by Tailwater Energy Fund III and certain co-investors (“Tailwater”). Tailwater increased its equity commitment in Silver Creek by $150 million, bringing its total commitment to $300 million.
Silver Creek will utilize the additional equity available to continue the buildout of its 100%-owned crude gathering system in Wyoming’s Powder River Basin. The wholly-owned gathering system will consist of up to 250 miles of crude oil infrastructure spanning Converse, Campbell, Johnson and Natrona Counties.
Silver Creek is a private midstream company focused on providing crude oil gathering, transportation and storage services in Wyoming. Tailwater Capital is a sophisticated, growth-oriented energy private equity firm with a track record of energy transactions in the upstream and midstream sectors representing over $18.6 billion in transaction value.
The Willkie team was led by partner Archie Fallon (Picture), and included partner Robert Jacobson and associate Jennifer Johnson.
Law Firms: Willkie Farr & Gallagher;
Clients: Silver Creek Midstream, LLC;