Tailwater-backed Silver Creek sells Powder River Basin assets to Plains All American for USD 585 million

By Public Technologies
  • Tailwater Capital-backed Silver Creek Midstream agreed to sell its Powder River Basin crude oil midstream assets to Plains All American.
  • Transaction valued at about USD 585 million in cash via the sale of SCM PR II.
  • Assets include about 600 miles of pipelines, 350,000 bbl/d capacity, 1.2 million barrels of storage.
  • Silver Creek also holds a 49% non-operated interest in the Powder River Gateway joint venture.
  • Closing targeted for the fourth quarter of 2026, subject to regulatory approvals and customary conditions.


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