Midland Basin Partners (MBP) has agreed a USD75 million credit facility with Orion Energy Partners, to fund the expansion of MBP’s existing midstream platform focused on water infrastructure.
MBP provides responsible water sourcing, transportation and storage solutions to energy producers in the Permian Basin, with an initial focus on the Midland Basin. Orion Energy provides creative capital solutions to middle market energy infrastructure businesses across North America and select international markets.
“Our partnership with Orion Energy will provide MBP with the long-term strategic and financial support we need to grow our business and achieve our goal of serving our core customers with sustainable water infrastructure and services in the Permian Basin,” says Jason Roberts, MBP’s CEO.
“The MBP investment is another terrific addition to Orion Energy’s diversified portfolio and exemplifies our strategy to invest in proven and successful management teams that deploy critical energy infrastructure with recognised market excellence,” says Gerrit Nicholas, Managing Partner of Orion Energy. “We are pleased to partner with MBP as they grow their water supply platform to service North America’s most advantaged energy production basins.”