Simpson Thacher represented ARM Energy Holdings in connection with the comprehensive recapitalization of Salt Creek Midstream (“Salt Creek Gas”), a full service natural gas gatherer and processor. The financial terms of the transaction were not disclosed.
Formed in 2017, Salt Creek Gas is one of the largest privately-owned gas gatherers and processors in the Delaware Basin.
Headquartered in Houston, with offices in Calgary, Denver and Midland, ARM Energy Holdings, LLC (“ARM”) is a premier producer services firm, active in every sector of the energy value chain across all major North American oil and gas basins. Its integrated, diversified portfolio includes Asset Risk Management, LLC, providing risk management and hedging strategies for producers; ARM Energy Management LLC, providing physical oil and gas marketing, transportation and asset management services and trading; and ARM Midstream, LLC, providing midstream investment, infrastructure development and operations.
The Simpson Thacher team included Brad Honeycutt, Dustin Cooper and Zain Rifat (M&A); Matthew Einbinder and Kathrine McLendon (Credit & Restructuring); and Andrew Blau (Employee Benefits).