Enstor Gas Closes Sale of Waha Gas Storage Facility to WhiteWater Midstream

February 19, 2021

Willkie represented Enstor in the sale.

On February 16, Enstor Gas, LLC announced that it had completed the sale of its Waha Gas Storage Assets to WhiteWater Midstream, LLC. The assets are located in Northwest Texas, near the Waha Hub. Waha Gas Storage assets have the capacity, when fully developed, to store approximately 10 billion cubic feet of natural gas and include six underground storage caverns and permits for five additional caverns.

Enstor is one of the largest and most geographically diverse, independent natural gas storage operators in the U.S. The company’s eight storage facilities are strategically located across five states and Alberta, Canada. Enstor’s diversified asset base provides direct connectivity to major pipelines and key supply and demand markets. Enstor is backed by ArcLight Capital Partners, LLC, a leading private equity firm focused on North American energy infrastructure investments.

Whitewater is a management-owned, Austin-based midstream company. WhiteWater is partnered with multiple private equity funds including but not limited to Ridgemont Equity Partners, Denham Capital Management, First Infrastructure Capital and the Ontario Power Generation Inc. Pension Plan. Since inception, WhiteWater has reached final investment decision on ~$3 billion in greenfield development projects.

The Willkie team was led by partner Archie Fallon and included partner Robert Jacobson, counsel William Thomas, and associates Jason Nasra, Yaniv Maman, and Luisa Davis.