Enstor Gas, LLC announced the completion of the sale of its Waha Gas Storage assets to WhiteWater Midstream, LLC (“WhiteWater”). The assets are located in Northwest Texas, near the Waha Hub. Waha Gas Storage assets have the capacity, when fully developed, to store approximately 10 billion cubic feet of natural gas and include six underground storage caverns and permits for five additional caverns.
“I am extremely proud of our team for rapidly advancing this transaction to close, particularly during the COVID pandemic,” said Enstor Chief Executive Officer Paul Bieniawski. “WhiteWater Midstream’s acquisition of the Waha Gas Storage assets is a win-win for everyone at the table. The facility is a great fit with the WhiteWater asset portfolio and provides a positive return for our investor.”
Enstor was represented by Willkie Farr and Gallagher LLP. Sidley Austin LLP provided legal counsel to WhiteWater.