Bayou Midstream II and private equity backer EIV Capital have closed the acquisition of Argent Gas Solutions, a natural gas gathering, compression and processing business in North Dakota, from Silver Hill Energy Partners.
Why Bayou Midstream II, LLC (backed by EIV Capital) is buying Argent Gas Solutions, LLC (from Silver Hill Energy Partners)
Bayou said it plans to expand the AGS system, which EIV described as a platform for growth in the Bakken.
Deal terms and financing
Financial terms were not disclosed.
Regulatory approvals and timing
The transaction has closed.
Market context
AGS operates in Williams, Burke and Mountrail counties. Silver Hill said the system was a small single-producer asset when it entered the Bakken in March 2024.
Sources
In the rankings
