Outrigger Energy

What Outrigger Energy does

Outrigger Energy III LLC is a private, full-service midstream energy company headquartered in Golden/Denver, Colorado, that develops and operates gathering and processing infrastructure for upstream oil and gas producers. The company constructs greenfield midstream systems including cryogenic natural gas processing plants (with ethane recovery and rejection), high-pressure and large-diameter rich gas gathering pipelines, crude oil and produced water gathering systems, NGL fractionation assets, and field compression. Notable technical assets include the Bill Sanderson Gas Processing Plant, a 270 MMcfd RSV cryogenic facility that was the largest single-train cryogenic processing facility in North Dakota, and over 100 miles of large-diameter gathering pipeline in the Williston Basin. The company's underlying technology stack emphasizes detailed multi-phase nodal analysis and rigorous processing facility modeling to achieve low fuel rates and high NGL recoveries, with reported execution of major facilities in under eight months from groundbreaking and near 100% runtime on processing plants.

Outrigger operates on a fee-based business model under long-term, acreage-dedication contracts with minimum volume commitments from upstream exploration and production customers, including a prior anchor agreement with XTO Energy (ExxonMobil subsidiary) covering Williams County, North Dakota production. The company enters new basins only after securing anchor-customer commitments and then builds, owns, and operates the infrastructure through system maturity, after which it has historically divested the mature systems to public midstream buyers (Targa Resources in 2017 for up to $1.5 billion for Permian assets; Summit Midstream Partners in 2022 for DJ Basin; Kinder Morgan/Hiland Partners in 2025 for $640 million for Williston Basin). Through three successive platforms (Outrigger I, II, III), the management team has built and divested over $5 billion in midstream investments across the Permian, DJ, Williston, and Powder River basins. Current operations are supported by equity commitments from Brion G. Wise (founder of Western Gas Resources, sold to Anadarko for $5.3 billion in 2006) and company employees.

Name

Outrigger Energy

Legal name

Outrigger Energy LLC

Website

https://outriggerenergy.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Outrigger Energy III LLC is a Denver-based private midstream company that builds and operates cryogenic gas processing plants and high-pressure gathering pipelines for upstream oil and gas producers under long-term fee-based contracts, with a track record of developing and divesting systems across major U.S. basins.

Ownership category

akta.pro rank

Product category

Midstream Energy Services

NAICS

Natural Gas Extraction (211130), Natural Gas Extraction (21113)

SIC

Gas & Other Services Combined (4932)

akta.pro primary industry

Natural Gas Gathering Systems (EUALACAA)

Keywords

• Midstream energy services
• Natural gas processing
• Gas gathering systems
• Crude oil gathering
• NGL fractionation

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Midstream Infrastructure Services: Fee-based midstream services including natural gas gathering, compression, processing, and treating, NGL fractionation, crude oil and water gathering. Revenue derived from long-term fee-based contracts with minimum volume commitments from upstream producers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Outrigger Energy is a private, full-service midstream energy company that constructs and operates growth-oriented gathering and processing systems for upstream oil and gas producers. Core services include wellhead natural gas gathering, compression, cryogenic processing, treating, NGL fractionation, crude oil gathering, and produced water gathering, delivered under long-term, fee-based contracts with minimum volume commitments.

Product overview

Outrigger Energy is an independent, full-service midstream energy company operating under Outrigger Energy III LLC. The company provides a unified suite of midstream infrastructure services including natural gas gathering and processing, crude oil gathering, produced water gathering, NGL fractionation, and comprehensive marketing services. Through predecessor companies Outrigger Energy I and II, the company constructed and operated systems in multiple basins including the Williston Basin, DJ Basin, Delaware Basin, Midland Basin, and Powder River Basin. The core product portfolio centers on building and operating growth-oriented gathering and processing systems customized for producer customers, featuring cryogenic gas processing plants, high-pressure gathering pipelines, compression facilities, and pipeline connectivity to major interstate systems. Operations are supported by equity commitments from Brion G. Wise and company employees.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Gathering and Processing
• Crude Oil Gathering
• Produced Water Gathering
• NGL Fractionation Services
• Marketing Services
• Bill Sanderson Gas Processing Plant

Quantifiable outcome

• Processing facility completed in under 8 months from groundbreaking to ready for service
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• XTO Energy Inc. (ExxonMobil subsidiary)coreStrategic or Co-development PartnerAnchor customer for Williston Basin midstream system. Entered long-term definitive gas gathering and processing agreement with Outrigger in January 2020. Agreement covers XTO production in Williams County, ND, with commitment to Outrigger building 250 MMcfd cryogenic plant and 70-mile gathering pipeline.
• Summit Midstream Partners LPminorOthersPurchased Outrigger's DJ Basin midstream system in Weld County, Colorado for undisclosed amount in December 2022. Summit acquired the system including 60 MMcfd cryogenic processing plant, 160 miles of gathering pipelines, and compression assets.
• Kinder Morgan Inc. (via Hiland Partners Holdings LLC)minorOthersPurchased Outrigger's Williston Basin midstream system for $640 million in February 2025. Assets included 270 MMcfd cryogenic gas processing plant, 104 miles of high-pressure gathering pipelines, and 6,720 horsepower of field compression.
• Targa Resources Corp.minorOthersPurchased Outrigger's three Permian Basin midstream subsidiaries (Delaware and Midland Basin assets) for cash consideration of up to $1.5 billion in Q1 2017. Included natural gas gathering, processing, and crude oil gathering systems.

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Summit Midstream Partners: Larger multi-basin midstream operator that acquired Outrigger's DJ Basin system in 2022. Provides regional gathering and processing in the Permian, Rockies, and Barnett basins.
• Targa Resources: Large-cap diversified midstream operator that acquired Outrigger's Permian assets in 2017 for up to $1.5B. Operates Permian gas processing, NGL fractionation, and downstream logistics.
• DCP Midstream: Major nationwide midstream operator (Phillips 66 / Enbridge joint venture) with gas gathering/processing and NGL fractionation across Permian, Mid-Continent, and Gulf Coast. Comparable broad midstream services.
• Kinder Morgan: Largest U.S. midstream operator that acquired Outrigger's Williston Basin system for $640M in Feb 2025 via Hiland Partners. Operates extensive gas gathering/processing, NGL, and CO2 pipeline networks.

Direct peers

• EnLink Midstream: Gas/NGL gathering, processing, and transportation across multiple U.S. basins including Permian, Mid-Continent, and Louisiana. Comparable midstream services and contract structures.
• Western Midstream Partners: Gas gathering, processing, and NGL services across the Permian/Delaware and Rockies - overlapping geographic footprint with Outrigger's historical Permian and DJ Basin operations.
• Kinetik Holdings: Pure-play Permian midstream with gas gathering and processing focus following the Altus Midstream merger. Comparable basin exposure and gas-processing model to Outrigger's Permian operations.
• Crestwood Equity Partners: Midstream gas gathering, processing, NGL, and crude services with overlap in Williston, Permian, and Rockies basins. Directly comparable business mix and contract structure.
• Antero Midstream Partners: Pure-play midstream partnership with anchor E&P (Antero Resources) providing gas gathering and processing in the Appalachian/Marcellus. Mirrors Outrigger's anchor-customer, fee-based contract model in a different basin.
• Hess Midstream: Gas gathering, processing, and NGL services anchored by Hess Corporation in the Bakken/Williston region - same basin as Outrigger's Williston asset. Closest comparable in terms of anchor-customer model and basin geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/outrigger-energy-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Outrigger Energy