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Home Trace Midstream Enters the Northern Delaware Basin With the Acquisition of LM Energy’s Natural Gas Gathering and Transportation Infrastructure

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Trace Midstream Enters the Northern Delaware Basin With the Acquisition of LM Energy’s Natural Gas Gathering and Transportation Infrastructure

HOUSTON--(BUSINESS WIRE)--Trace Midstream Partners II, LLC (“Trace”), a portfolio company of Quantum Capital Group (“Quantum”), announced today that it has entered into agreements with LM Energy Delaware, LLC (“LM Energy”), a portfolio company of Old Ironsides Energy, LLC (“Old Ironsides Energy”), to acquire its natural gas gathering and transportation assets in the Northern Delaware Basin. Located in Eddy and Lea counties in New Mexico, LM Energy’s natural gas gathering and transportation syst...

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