Pinnacle Midstream

Pinnacle Midstream

Customer service, problem solving, and related solutions to producers. Learn more

Launch date
Employees
Market cap
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Enterprise valuation
€500m (Public information from May 2024)
Houston Texas (HQ)
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DateInvestorsAmountRound
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$20.0m

Growth Equity non VC

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Acquisition
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$550m

Valuation: $550m

Acquisition
Total Funding-

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Pinnacle Midstream II operates as a midstream service provider specializing in the transportation and processing of hydrocarbons in the Delaware Basin, specifically in Culberson and Reeves counties in Texas. The company serves oil and gas producers by offering critical infrastructure that ensures the efficient movement of hydrocarbons from production sites to market. Pinnacle's business model focuses on creating value through strategic partnerships and a commitment to safety and operational excellence. Revenue is generated through service fees for transportation, processing, and other midstream activities. The company prides itself on its experienced management team, which has a proven track record and over 75 years of combined industry experience. Pinnacle Midstream II operates in a competitive market but differentiates itself through its speed of service, attention to detail, and collaborative approach to customer relationships.

Keywords: midstream, hydrocarbons, Delaware Basin, transportation, processing, safety, collaboration, infrastructure, oil and gas, efficiency.

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