Portfolio Companies RiderThe portfolio companies shown represent substantially all of EIG's investments in energy portfolio companies made since 2010, realized and unrealized, as of March 31, 2015. The specific portfolio companies identified are not representative of all of the portfolio companies purchased, sold, or recommended for the funds and it should not be assumed that the investment in the portfolio companies identified was or will be profitable. Actual holdings will vary for each fund and there is no guarantee that a particular fund will hold any or all of the portfolio companies listed. A list of all investments is available upon request.
In June 2009, EIG formed a new entity to acquire the West Texas gathering assets of a publicly traded exploration and production company.
EIG had followed the acquired gathering assets and associated reserves for over a decade, and also had a 15 year relationship with the seller. EIG approached the seller and ultimately struck a deal whereby EIG acquired the assets and the seller obtained liquidity for its core upstream business. The gathering assets are leased back to the seller under long-term ship-or-pay contracts that entitle EIG to a primarily fixed tariff for capacity on the system.
In December 2013, EIG invested in two virtually identical 830MW combined cycle natural gas turbine power plants under construction in the Marcellus Shale region of Pennsylvania, providing the projects a low cost supply of natural gas
In November 2011, EIG invested in a new subsidiary of a large publicly traded oil and gas company. The new subsidiary owns and develops unconventional oil and gas reserves in the Utica Shale in Ohio, Pennsylvania, and West Virginia.
EIG saw this as an opportunity to participate in a developing stage shale play in scale with an experienced operator. The assets consist of approximately 700,000 net acres with an expected development plan of 1,500 wells. EIG sourced this opportunity based on a long-standing relationship with the company.