Tailwater to sell Cureton Front Range to Williams Field Services Group

Tailwater Capital, an energy and growth infrastructure private equity firm and a fund managed by the Private Equity Group of Ares Management (ARES), announced that they have signed definitive agreements to sell Cureton Front Range to Williams Field Services Group, a subsidiary of The Williams Companies, Inc. (WMB), with an expected close in December 2023, subject to regulatory approvals. Tailwater and Ares initially invested in Cureton in 2017 to pursue an anchored greenfield midstream strategy in the DJ Basin in Colorado. Cureton’s initial project started with an acreage dedication from a single private producer and culminated in the successful development of a premier multi-customer midstream gathering and processing platform. Cureton’s asset base now consists of over 260 miles of low and high pressure pipelines, 109 MMcf/d of natural gas processing capacity, 64,000 horsepower of compression, and is underpinned by long-term contracts from blue-chip operators covering more than 200,000 dedicated acres and over two million acres of AMIs.