What is Blue Racer Midstream?
Blue Racer Midstream is a key provider of comprehensive midstream services, catering to natural gas producers in the Utica and Marcellus Shales. The company's integrated operations encompass gathering, processing, fractionation, and NGL transportation, strategically positioned in southeastern Ohio and the panhandle of West Virginia. This infrastructure is designed to offer producers maximum flexibility and optimal price realizations. Blue Racer Midstream emphasizes sustainability, community engagement, and stringent health and safety standards, aiming to be a complete solutions provider for regional producers through its expanding supersystem.
How much funding has Blue Racer Midstream raised?
Blue Racer Midstream has raised a total of $800M across 1 funding round:
Debt
$800M
Debt (2013): $800M with participation from Wells Fargo Securities, LLC, Comerica, RBC Capital Markets, U.S. Bank National Association, and SunTrust Robinson Humphrey, Inc.
Key Investors in Blue Racer Midstream
Wells Fargo Securities, LLC
Wells Fargo Securities, LLC is the investment banking and capital markets division of Wells Fargo, offering a wide range of financial services including advisory, capital markets, and research to corporations, governments, and institutional investors.
Comerica
Comerica Incorporated is a financial services company providing banking, lending, and wealth management services, with a focus on business banking, retail banking, and institutional management.
RBC Capital Markets
RBC Capital Markets is the global investment banking arm of Royal Bank of Canada, offering a full suite of services including corporate finance, mergers and acquisitions, and capital markets solutions.
What's next for Blue Racer Midstream?
The substantial enterprise-level funding indicates Blue Racer Midstream is likely in a growth or expansion phase, potentially looking to enhance its existing infrastructure, expand its operational footprint, or acquire new assets to further solidify its market position. This strategic investment will enable the company to capitalize on the ongoing development within the Utica and Marcellus Shales, reinforcing its commitment to serving natural gas producers with integrated midstream solutions and driving value realization.
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