Centurion Midstream Group, LLC, a provider of transportation services, through its subsidiary Centurion Transport, LLC, acquired Remuda Energy Transportation, LLC, a company that offers crude oil transportation services, from Agave Energy Holdings, Inc., a subsidiary of Lucid Energy Group, LLC.
Remuda Energy is a provider of integrated crude logistics services in the Permian Basin with operations in New Mexico, the US.
The transaction enables Centurion Midstream to expand its logistics service offerings in New Mexico, the US.
Tom Ramsey, CEO of Centurion Midstream, said, “Remuda has an impressive track record for growth that will complement our existing Permian Crude Transport business and our significant investment in West Texas storage, pipeline and rail assets.”
John Calce, president of Centurion Midstream, said, “The Remuda platform will allow us to continue to provide our producer customers with the best hydrocarbon marketing and logistics solution in the prolific Delaware Basin of the Permian.”