• Latest
  • Trending
Delek Logistics Acquires Gravity Water Midstream for $285 Million

Delek Logistics Acquires Gravity Water Midstream for $285 Million

January 8, 2025
Senegal’s New Port at Ndayane Reshapes West African Freight Dynamics

Senegal’s New Port at Ndayane Reshapes West African Freight Dynamics

May 27, 2025
Africa’s Internal Trade Strengthens as Regional Corridors Become Operational

Africa’s Internal Trade Strengthens as Regional Corridors Become Operational

May 27, 2025
ADVERTISEMENT
Nations Redefine Trade Ties Amid Global Economic Crossroads

Nations Redefine Trade Ties Amid Global Economic Crossroads

May 27, 2025
Rethinking Expansion: Why Global Investors Are Turning to Latin America’s Overlooked Cities

Rethinking Expansion: Why Global Investors Are Turning to Latin America’s Overlooked Cities

May 27, 2025
Brazil Turns to Regional Airports to Meet E-Commerce’s Next-Day Promise

Brazil Turns to Regional Airports to Meet E-Commerce’s Next-Day Promise

May 27, 2025
Turkey Upgrades Eastern Rail Links to Reinforce Its Role in Eurasian Trade

Turkey Upgrades Eastern Rail Links to Reinforce Its Role in Eurasian Trade

May 27, 2025
Invisible Until It Breaks: Logistics Grapples with IoT Fatigue

AI Is Changing the Tools—Not the Thinkers Behind Them

May 27, 2025
Iraq Builds Its Future on Dry Ground: Development Road Repositions Trade Across the Region

Iraq Builds Its Future on Dry Ground: Development Road Repositions Trade Across the Region

May 27, 2025
Freight Carriers Shift Strategy as Stability Becomes a Luxury

Freight Carriers Shift Strategy as Stability Becomes a Luxury

May 27, 2025
China’s Air Cargo Market Reels from Sudden Tariff Change as Carriers Reposition Fleets

China’s Air Cargo Market Reels from Sudden Tariff Change as Carriers Reposition Fleets

May 27, 2025
Canada Accelerates High-Speed Rail to Redefine National Ground Transport

Canada Accelerates High-Speed Rail to Redefine National Ground Transport

May 26, 2025
Brazil Reinforces Its Global Maritime Role as Trade Dynamics Shift

Brazil Reinforces Its Global Maritime Role as Trade Dynamics Shift

May 26, 2025
  • Home
  • About Us
  • Press Room
  • Podcasts
  • Media Kit
  • Contact Us
  • Careers
Sunday, June 1, 2025
  • Login
  • Register
The Logistic News
  • Logistic
  • Air
  • Maritime
  • Land
  • World
  • Business
  • Tech
  • Events
  • Advertise
No Result
View All Result
  • Logistic
  • Air
  • Maritime
  • Land
  • World
  • Business
  • Tech
  • Events
  • Advertise
No Result
View All Result
The Logistic News
No Result
View All Result
Home Business

Delek Logistics Acquires Gravity Water Midstream for $285 Million

Delek Logistics Acquires Gravity Water Midstream for $285 Million

The Logistic News by The Logistic News
January 8, 2025
in Business
Reading Time: 2 mins read
0
Delek Logistics Acquires Gravity Water Midstream for $285 Million
ADVERTISEMENT

In a strategic move to enhance its presence in the midstream services sector, Delek Logistics Partners, LP (NYSE: DKL) has announced the acquisition of Gravity Water Intermediate Holdings LLC for $285 million. This deal further cements Delek Logistics’ position as a leading provider of integrated crude oil, natural gas, and water midstream solutions in key U.S. basins.

Expanding Operations in the Permian Basin

The acquisition of Gravity Water Midstream adds significant capabilities to Delek Logistics’ portfolio, particularly in the Permian Basin, one of the world’s most prolific oil and gas regions. Gravity’s operations, primarily concentrated in Howard County within the Midland Basin, align seamlessly with Delek’s existing assets, including those from its earlier acquisition of H2O Midstream.

Details of the Deal

The $285 million transaction includes:

ADVERTISEMENT
  • $200 million in cash.
  • 2.175 million common units of Delek Logistics.

This acquisition is expected to boost Delek Logistics’ third-party EBITDA to over 70%, reinforcing its growth trajectory and expanding its service offerings.

About Gravity Water Midstream

Gravity Water Midstream is a prominent player in water management for the oil and gas industry. Its assets include:

  • Over 200 miles of permanent pipeline.
  • 46 saltwater disposal facilities.
  • 14 freshwater facilities with a combined storage capacity of over six million barrels.

These facilities provide gathering, transportation, recycling, storage, and disposal services for produced water, ensuring an efficient and environmentally responsible approach to water management.

Strategic Benefits

With the integration of Gravity’s infrastructure, Delek Logistics aims to:

  • Enhance Operational Efficiency: Leverage Gravity’s assets to optimize costs and streamline operations.
  • Expand Service Offerings: Provide comprehensive solutions for water and crude management to customers.
  • Drive Growth: Strengthen its foothold in the Midland and Williston Basins, ensuring long-term value creation.

Future Outlook

Uzi Yemin, Chairman and CEO of Delek Logistics, expressed optimism about the acquisition:
“The addition of Gravity Water Midstream is a significant milestone in our journey to becoming a fully integrated midstream services provider. This deal not only strengthens our capabilities but also positions us for sustained growth in the Permian Basin and beyond.”

By combining resources, Delek Logistics anticipates unlocking synergies and creating new opportunities for its customers and stakeholders.


Stay tuned to The Logistic News for the latest updates on strategic acquisitions and developments in the logistics and energy sectors.

#DelekLogistics #GravityMidstream #PermianBasin #MidstreamServices #LogisticsNews

Previous Post

NOBLELIFT North America Welcomes Bill Pedriana as New President

Next Post

Lufthansa Cargo Recaps its Most Unusual Shipments of 2024

Next Post
Lufthansa Ground Staff Strike Causes Flight Chaos in Major German Airports

Lufthansa Cargo Recaps its Most Unusual Shipments of 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

A D V E R T I S E M E N T

Popular News

  • Drone Delivery Takes Flight: Amazon Partners with UPS for Trial Program

    Drone Delivery Takes Flight: Amazon Partners with UPS for Trial Program

    0 shares
    Share 0 Tweet 0
  • Rail Cargo Group Strengthens European Network with Captrain Netherlands Acquisition

    0 shares
    Share 0 Tweet 0
  • Automotive Inbound Logistics Market: Navigating Future Challenges

    0 shares
    Share 0 Tweet 0
  • Global Inflation Cools to Target After Three Years, Central Banks Face Policy Dilemma

    0 shares
    Share 0 Tweet 0
  • Dubai Mercantile Exchange Rebrands as Gulf Mercantile Exchange Following Saudi Tadawul Group Acquisition

    0 shares
    Share 0 Tweet 0

Recent News

Senegal’s New Port at Ndayane Reshapes West African Freight Dynamics

Senegal’s New Port at Ndayane Reshapes West African Freight Dynamics

May 27, 2025
Africa’s Internal Trade Strengthens as Regional Corridors Become Operational

Africa’s Internal Trade Strengthens as Regional Corridors Become Operational

May 27, 2025
Nations Redefine Trade Ties Amid Global Economic Crossroads

Nations Redefine Trade Ties Amid Global Economic Crossroads

May 27, 2025

Discover a new era of logistics reporting with The Logistic News, your go-to platform for breaking news, insightful features, and exclusive interviews shaping the global logistics and freight landscape. Trust us to deliver accurate, timely, and relevant information that empowers professionals and enthusiasts alike in navigating the intricacies of this vital sector.

Navigation

  • Home
  • About Us
  • Press Room
  • Podcasts
  • Media Kit
  • Contact Us
  • Careers
  • Privacy Policy
  • Terms of Use

© 2024 - thelogisticnews.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

SIgn Up Newsletter

This will close in 20 seconds

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Logistic
  • Air
  • Maritime
  • Land
  • World
  • Business
  • Tech
  • Events
  • Advertise

© 2024 - thelogisticnews.com