💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Apollo Global funds to invest $200M in water services for oil & gas industry

Published 08/01/2018, 08:44 AM
© Reuters.  Apollo Global funds to invest $200M in water services for oil & gas industry
APO
-
  • Funds managed by Apollo Global Management (NYSE:APO) form a partnership with Freestone Midstream Holdings to invest in water assets serving the oil and gas industry, initially focusing on the Powder River Basin in Wyoming.
  • The Apollo funds have provided Freestone with an equity commitment of $200M in support of Freestone's business plan.
  • Denver-based Freestone will identify and evaluate opportunities to acquire, develop, and operate water midstream and services assets serving upstream oil and gas operators.
  • Source: Press Release
  • Previously: Arconic spikes 11% on WSJ report suggesting strong P-E interest (July 25)
  • Now read: SBI Holdings, Inc. 2018 Q1 - Results - Earnings Call Slides


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.