The equity investment will go towards CSV’s focus of engineering, design and management of gas gathering assets, and transmission pipelines.
Apollo partner Rakesh Wilson said, “This strategic partnership with CSV Midstream is a great example of Apollo’s approach to partnering with proven management teams and providing the needed capital and other resources to help launch profitable new businesses in attractive markets.
“Over the years, the CSV Midstream team has developed valuable relationships and has built a solid track record of project development in the Canadian midstream sector.”
Double Eagle has been one of the largest independent acquirers of oil and gas leaseholds across Texas and the mid-continent, leasing more than a million acres over the past few years.
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