Latest news with #DavidCapobianco
Business Wire
01-08-2025
- Business
- Business Wire
Five Point Infrastructure Announces the Sale of Northwind Midstream to MPLX LP
HOUSTON--(BUSINESS WIRE)--Five Point Infrastructure LLC ('Five Point') today announced that it has entered into a definitive agreement to sell Northwind Delaware Holdings LLC ('Northwind' or the 'Company') to MPLX LP ('MPLX') for $2.375 billion in cash consideration, subject to customary purchase price adjustments. Founded by Five Point in 2022, Northwind provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The Company is solving a highly critical issue in the Northern Delaware Basin, where upstream development has generally been restricted due to the lack of sour natural gas treating, acid-gas injection and sequestration well capacity. In addition, the Company contributes meaningfully to its customers' sustainability objectives by capturing and sequestering the CO 2 in the natural gas stream. Northwind's portfolio today includes over 200,000 dedicated acres, 200+ miles of gathering pipelines, two in-service carbon sequestration and acid gas injection (AGI) wells with a combined capacity of 20 million cubic feet per day (MMcf/d), and a third permitted well that will bring total capacity to 37 MMcf/d when completed in 2026. David Capobianco, CEO and Managing Partner of Five Point Infrastructure, said, 'We're proud to have played a key role in unlocking development potential in the Northern Delaware Basin, which we continue to expect will be one of the most important oil producing regions in North America. This transaction is a clear validation of our investment thesis regarding the need for critical infrastructure development across the nation's most productive energy basins. We congratulate MPLX on its acquisition of a great business and look forward to Northwind's continued growth under their stewardship.' The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Piper Sandler & Co. served as the exclusive financial advisor and Latham & Watkins LLP acted as legal advisor to the seller in connection with the transaction. About Five Point Infrastructure Five Point Infrastructure LLC is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For more information about Five Point, please visit: About Northwind Midstream Established in 2022, Northwind's strategy is to develop, own and operate off-spec gas infrastructure in the Permian Basin. Northwind operates a highly efficient, environmentally focused and exceedingly reliable midstream system, which unlocks overall customer value while mitigating customer environmental concerns. Northwind's developed solution provides producers with (i) a superior economic alternative, (ii) significant operational enhancements, (iii) meaningful emissions reductions, and (iv) tangible ESG benefits. Learn more at About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at
Business Wire
29-05-2025
- Business
- Business Wire
Northwind Midstream Partners Announces Permitting of Third AGI Injection Well, Final Approval of MRV Plan, and the Completion of New Compressor Station
HOUSTON--(BUSINESS WIRE)--Northwind Midstream Partners LLC ('Northwind' or the 'Company') today announced that it has received a final order from the New Mexico Oil Conservation Commission approving an additional acid gas injection ('AGI') and carbon sequestration well to be located at the Company's Titan Treating Complex in Lea County, New Mexico. New Devonian AGI Well This will be Northwind's third AGI well, increasing the Company's total permitted daily injection capacity to ~37 million standard cubic feet per day (MMSCFD) of total acid gas ('TAG') when completed in 2026. The injection zone of the new well will target the Devonian formation in the Northern Delaware Basin, and combined with Northwind's existing Devonian AGI well, it will give the Company a total of ~29 MMSCFD of permitted Devonian injection capacity. The new well also provides additional redundancy for Northwind's existing TAG disposal operations at the Titan Treating Complex and will underpin the Company's previously announced expansion of the Titan Complex. The Titan Complex currently operates 150 million cubic feet per day (MMcf/d) of high-circulation amine treating capacity and two AGI and carbon sequestration wells. As part of the buildout of the Titan Complex, Northwind expects to complete its Train #3 by mid-year 2025, which will increase total treating capacity to 200 MMcf/d. Additionally, Northwind has reached FID and customer support to further expand total treating capacity to 400 MMcf/d by 2026. EPA Approval of MRV Plan Northwind has also received a milestone approval from the U.S. Environmental Protection Agency ('EPA') for its monitoring, reporting and verification ('MRV') plan for the permanent sequestration of carbon dioxide ('CO 2 ') at the Titan Treating Complex. Northwind's MRV plan documents how the Company will ensure permanent sequestration of CO 2 in its AGI wells from natural gas treated at the Titan Complex. The MRV approval, in conjunction with meeting other statutory requirements, will allow Northwind to qualify for 45Q tax credits. Completion of Pelham Compressor Station In addition to building out the Titan Complex, Northwind has significantly expanded its natural gas gathering and compression network throughout Lea County. The Company recently placed into service its fifth NACE standard compressor station with initial capacity of 25 MMcf/d. This brings Northwind's total compression capacity to ~225 MMcf/d across its full system. Northwind's gathering and compression network, which is designed specifically to manage produced natural gas with high levels of hydrogen sulfide and carbon dioxide, includes over 200 miles of large-diameter steel pipelines and 47,250 horsepower of compression across five compressor stations. Five Point Perspective David Capobianco, CEO and Managing Partner of Five Point Infrastructure, said, 'Regulatory approval validates Northwind's platform as providing the essential infrastructure needed to expand safe and reliable capacity in Lea County, New Mexico, an increasingly important oil producing region.' Management Perspective 'With these approvals in hand, we look forward to advancing the build out of our Titan Treating Complex, providing our producer partners in Lea County with essential off-spec gas gathering, treating, and sequestration capacity,' said Northwind CEO Matt Spicer. 'The expansion of this facility, along with the addition of our new compressor station, will contribute to the continued growth of the oil and gas industry across the Northern Delaware Basin, while also helping producers manage emissions.' About Northwind Midstream Partners Established in 2022, Northwind's strategy is to develop, own and operate off-spec gas infrastructure in the Permian Basin. Northwind operates a highly efficient, environmentally focused and exceedingly reliable midstream system, which unlocks overall customer value while mitigating customer environmental concerns. Northwind's developed solution provides producers with (i) a superior economic alternative, (ii) significant operational enhancements, (iii) meaningful emissions reductions, and (iv) tangible ESG benefits. Learn more at About Five Point Infrastructure Five Point Infrastructure LLC (formerly known as Five Point Energy LLC) is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For further information, please visit
Yahoo
13-05-2025
- Business
- Yahoo
LandBridge Company LLC (LB): A Bull Case Theory
We came across a bullish thesis on LandBridge Company LLC (LB) on Substack by FJ Research. In this article, we will summarize the bulls' thesis on LB. LandBridge Company LLC (LB)'s share was trading at $69.12 as of May 8th. LB's trailing and forward P/E were 30.95 and 21.60 respectively according to Yahoo Finance. Aerial view of an oil and natural gas drilling operation on a leasehold position. LandBridge stands out as a quietly compelling opportunity at the intersection of energy security and AI infrastructure. In a market that has turned politically and institutionally cold toward oil, the fundamentals remain unchanged: global demand for oil is not going away, and scalable alternatives are not ready to take over. This disconnect creates fertile ground for companies like LandBridge, which don't bear the risk of drilling but benefit from ongoing production volumes. LandBridge owns over 273,000 surface acres in the Permian Basin — the most prolific oil-producing region in the U.S. — and monetizes this land through a royalty model that echoes the success of Texas Pacific Land (TPL), a legendary compounder. However, LandBridge offers more than just royalties. It owns WaterBridge, a critical and underappreciated water infrastructure platform that serves the region's fracking and wastewater disposal needs, and increasingly, cooling for hyperscale data centers. This last use case introduces the third — and perhaps most transformative — leg of LandBridge's business: AI infrastructure. West Texas isn't just oil-rich, it's power-rich, offering stable, low-cost electricity ideal for powering large-scale data center campuses. LandBridge is already moving on this front, with plans to build a 1-gigawatt data center hub alongside solar and power infrastructure — a massive opportunity to capitalize on the rising demand for compute power driven by AI and cloud growth. While TPL is now a $13+ billion company widely held by institutions, LandBridge, with a market cap under $2 billion, is earlier in its lifecycle and arguably offers greater upside through a more diversified value stack of oil, land, water, and data infrastructure. Insider alignment further strengthens the investment case. Chairman David Capobianco owns over 100 million shares, signaling deep commitment and skin in the game. Management has demonstrated strategic acumen with its $245 million acquisition of 46,000 additional acres in the Southern Delaware Basin in late 2024 — expanding its cash-generating footprint while peers pulled back. Importantly, this is not a speculative energy trade based on oil prices; LandBridge's revenues are tied to production volumes, offering resilience regardless of WTI volatility. At its core, LandBridge is a long-duration compounder disguised as a traditional energy asset. It sits at the confluence of secular tailwinds — the persistent role of oil in global growth and the explosive demand for data infrastructure. With embedded free cash flow, inflation-protected assets, and optionality across multiple monetizable vectors, LandBridge presents an asymmetric investment opportunity hiding in plain sight. LandBridge Company LLC (LB) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held LB at the end of the fourth quarter which was 12 in the previous quarter. While we acknowledge the risk and potential of LB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
