Sage Midstream Ventures has received an equity commitment of approximately $500 million from Stonepeak Infrastructure Partners, a private equity firm focused on infrastructure investments in the energy, transportation, utilities, water and communications sectors.
Sage will pursue acquisition and development opportunities across the hydrocarbon value chain, including natural gas, natural gas liquids, crude oil, petrochemicals and refined products, with a broad focus on transportation, processing, fractionation, storage and marketing services.