T&K Mentioned in Natural Gas Intelligence on EnCap / Lucid Sale

“Riverstone, Goldman Paying $1.6B for Permian-Focused Lucid II Gas Processing Assets”

Riverstone Holdings LLC and Goldman Sachs Group Inc. are flexing their financial muscle in the Permian Basin, agreeing to pay $1.6 billion for a portfolio of natural gas processing properties in the Delaware sub-basin of New Mexico.

Dallas-based Lucid Energy Group and its financial sponsor EnCap Flatrock Midstream agreed to sell Lucid Energy Group II LLC to investment divisions of Riverstone and Goldman.

Jefferies LLC acted as financial adviser to Lucid II in connection with the transaction and was the sole provider of the committed debt financing. Vinson & Elkins LLP served as legal counsel to Lucid II. EnCap Flatrock Midstream was represented by Thompson & Knight LLP.