Several large, publicly held midstream companies play critical roles in transporting crude oil, natural gas and NGLs from the Permian Basin to markets along the Gulf Coast, and all of them are investing hundreds of millions or even billions of dollars to expand their Permian-to-Gulf infrastructure. But there’s a privately held outlier among them — WhiteWater Midstream, which has developed key gas pipelines in Texas and has been partnering with MPLX, Enbridge and others to own and develop a few more. In today’s RBN blog, we look at the growing portfolio of WhiteWater and the WPC joint venture (JV) and discuss highlights from our new Drill Down Report on Permian-to-Gulf infrastructure projects.
Even amid the economic uncertainty triggered by the ongoing trade war, a long list of publicly held midstreamers — Enterprise Products Partners, Energy Transfer, Targa Resources, Phillips 66 (P66) and ONEOK among them — are developing an even longer list of crude-, gas- and NGL-related projects in the Permian and from West Texas to the Gulf Coast. Gathering systems. Gas processing plants. Pipelines. Fractionators. Export terminals.
WhiteWater Midstream, whose name is familiar to everyone interested in the Permian, is a different animal — a giraffe among zebras, you might say. Austin-based and with financial backing from I Squared Capital and other private-equity sources, WhiteWater was formed in 2016 and has been involved in developing several key gas pipelines and other gas-related assets between the Permian and the Gulf Coast.
Figure 1. WhiteWater and WPC JV Assets and Projects. Source: RBN
First came Agua Blanca (dark-purple line in Figure 1). This pipeline system delivers natural gas from a number of processing plants in the Permian’s Delaware Basin to the Waha Hub. Agua Blanca started in 2018 as a 72-mile system with a capacity of 1.4 Bcf/d; it has been expanded several times since then and now has more than 200 miles of pipe and a capacity of more than 3 Bcf/d. The pipeline is currently owned by WhiteWater (75%), Enbridge (15%), and MPLX (10%). The three companies also share ownership of the 400-MMcf/d Carlsbad Gateway gas pipeline system (light-blue line) in the Delaware, which feeds residue gas into Agua Blanca.
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About the song
“Waltz Across Texas” was written by Quanah Talmadge Tubb, aka Billy Talmadge, and appears as the third song on side two of Ernest Tubb’s sixth studio album, Another Story. Released as a single in 1965, it went to #34 on the Billboard Country Songs Singles chart. Personnel on the record were: Ernest Tubb (lead vocals, guitar), Leon Rhodes, Jerry Shook, Cal Smith and Steve Chapman (guitar), Harold Bradley (bass), Buddy Charleton (pedal steel guitar), Hargus “Pig” Robbins (piano), and Dan Miller (drums).
Another Story was Ernest Tubb’s sixth studio album. Recorded in Nashville at RCA Studio B, it is compiled of songs recorded between August 1964 and January 1967. Produced by Owen Bradley, it was released in April 1967 on Decca Records and went to #6 on the Billboard Country Albums chart. One single was released from the LP.
Ernest Tubb was an American country music singer and songwriter. Dubbed “The Texas Troubadour,” the Jimmie Rodgers-inspired singer got his start at age 19, singing on the San Antonio radio station KONO-AM. He signed a recording contract with RCA Records in 1936. Known as one of the pioneers of honky-tonk music, his biggest record was the 1941 release, “Walking the Floor Over You.” Tubb released 37 studio albums, 26 compilation albums and 92 singles. He is a member of the Country Music Hall of Fame, Nashville Songwriters Hall of Fame and Texas Country Music Hall of Fame. He started the Ernest Tubb Record Shop on Lower Broadway in Nashville in 1947, which closed in 2022. Tubb died in Nashville in September 1984 at the age of 70.
