Vista Oil & Gas, Riverstone, Southern Cross and other sponsors have invested in and formed Aleph Midstream, the first company dedicated to midstream services in the Vaca Muerta basin.
Riverstone, Southern Cross Group and other sponsors will invest up to $160 million over two years in Aleph and will receive an equity stake of up to 78.4%.
Vista will exchange the majority of its midstream assets in the Neuquina basin for a 21.6% stake in Aleph.