Ironwood Midstream Energy Partners III, an independent energy company, has secured a substantial equity commitment from Kayne Anderson Energy Infrastructure Fund (KYN). Financial terms were not disclosed.
Ironwood III has a long-term operating strategy focused on the acquisition, development and operation of top-tier midstream assets in the most economic and desirable oil- and gas- producing regions in the United States.
In conjunction with the equity commitment, Ironwood III has acquired a crude oil-gathering system strategically located across Atascosa, Frio, La Salle and McMullen counties of Texas in the Eagle Ford Shale. The new asset footprint includes more than 50 miles of crude oil-gathering pipelines with long-term, fee-based agreements for almost 50,000 dedicated acres. The system also includes two storage terminals with a combined capacity of more than 18,000 barrels.
“We are excited about this strategic acquisition in the Eagle Ford, which positions
