Tailwater Capital and EMG sell Powder River midstream assets to Plains for $585m

Type: Sale · Technology: Oil Gas · Country: United States · Value: $585M · Announced: 2026-09-16

Tailwater Capital and EMG have agreed to sell a portfolio of midstream assets in Wyoming's Powder River Basin to Plains for $585 million. The transaction includes approximately 600 miles of crude oil gathering and transmission pipelines with an operating capacity of about 350,000 barrels per day. The assets are located across the Powder River Basin, a key region for energy production. The deal represents a material exit for Tailwater Capital and EMG from their midstream investments in the area.

Counterparties

• Tailwater Capital (Seller)
• Plains (Buyer)
• EMG (Seller)

Source article

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