Navitas Midstream Partners Acquisition, Valuation, Funding & Investors

Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil and intermediate and refined products. The company's segment includes gathering and processing; wholesale marketing and terminalling; storage and transportation and investment in pipeline joint ventures. It generates maximum revenue from the wholesale marketing and terminalling segment, which provides marketing services for the refined products output of the Delek Holdings' refineries, engages in wholesale activity at its terminals and terminals owned by third parties, whereby it purchases light product for sale and exchange to third parties, and provides terminalling services at its refined products terminals to independent third parties and Delek Holdings.

National Energy Services Reunited Corp is a British Virgin Islands-based company engaged in providing products and services to the oil and gas industry in the Middle East and North Africa and the Asia Pacific regions. The company has two reportable segments: Production Services including coil tubing, stimulation, and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services; and Drilling and Evaluation Services including drilling and workover rigs, rig services, services, and well-testing services among others. Revenues are majorly derived from production services of an oil or natural gas well. It derives maximum revenue from Production services segment.

Guangzhou Development Group Incorporated is a China-based company operating in the integrated energy business. It is engaged in the investment, construction, development, and operation of electric power, coal, oil products, natural gas and new energy. The company is also involved in the energy logistics business.

Nanjing Tanker Corp mainly engages in marine transportation in China. The company is also involved in ship construction and repairs, logistics and related support services.

Qatar Fuel QSC is engaged in the sale, marketing, and distribution of oil, gas, and refined petroleum products, vehicle inspection services, marine bunkering, transportation of oil and gas, and other related services. Some of the firm's products are lubricants, gas, and bitumen, among others. The company generates the majority of its revenue from the sale and distribution of refined petroleum products. Geographically, it operates in the state of Qatar, which is the key revenue-generating market.

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. It generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.

Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests. The company owns mineral interests in approximately 16.9 million gross acres.

Alliance Resource Partners LP operates as a coal mining company based in the United States. It has four segments: Illinois Basin, Appalachia, Oil & Gas Royalties and Coal Royalties. The Illinois Basin comprises underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia. The Appalachia segment comprises the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining complex. The Oil & Gas Royalties has oil & gas mineral interests held by AR Midland and AllDale I & II and includes Alliance Minerals' equity interests in both AllDale III and Cavalier Minerals. The Coal Royalties has included coal mineral reserves and resources owned or leased by Alliance Resource Properties.

Worley is a leading global provider of professional services, such as engineering, procurement, and construction management, to the oil, gas, mining, power, and infrastructure sectors. Purchase of Jacobs ECR in April 2019 reduced revenue contribution from hydrocarbons to just over 50%, from a prior 75%-80% position. Metals and mining contributes 23% and infrastructure and chemicals the balance. Worley has a global presence with about 59,000 staff in more than 50 countries. It has a strong presence in many developing economies, including Africa.

Liberty Energy Inc is a integrated energy services and technology company focused on providing hydraulic fracturing services and related technologies to onshore oil and natural gas exploration and production (E&P) companies. The Company offers customers with hydraulic fracturing services, together with complementary services including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods (including sand mine operations), and technologies to facilitate lower emission completions, thereby helping customers reduce emissions profile. The company provides services across USA and Canada.

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.

Jiangxi Jovo Energy Co Ltd is a large-scale clean energy integrated service provider in the midstream and terminal sectors of the gas industry.

Paramount Resources Ltd is a Canadian energy company that explores and develops both conventional and unconventional petroleum and natural gas. The company explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. Its primary focus in the Grande Prairie Region is its Karr and Wapiti Montney properties. Kaybob Region includes the Kaybob North Duvernay development and other natural gas and oil-producing properties. The Central Alberta and Other Region includes the Willesden Green Duvernay development in central Alberta and shale gas properties in the Horn River Basin and Liard Basin in northeast British Columbia.

Sinopec Shanghai Petrochemical Co Ltd is a Chinese petrochemical company. The company's operating segment includes four reportable segments: petroleum products, chemical products, trading of petrochemical products, and Other business. It generates maximum revenue from the Petroleum products segment. The petroleum products segment is equipped with crude oil refinery facilities used to produce qualified refined gasoline, fuel, diesel oil, heavy oil, and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities.

Yinson Production is a Kuala Lumpur-headquartered provider of FPSO vessels and integrated offshore production solutions. The company designs, builds, owns, and operates floating production storage and offloading units for oil and gas fields. It manages a fleet including FPSO Adola servicing Nigeria's Okono-Okan field and FPSO Atlanta for Brazil's Santos Basin. Acquired by Yinson Holdings in 2019, it employs over 1,000 staff across bases in Malaysia, Angola, and Brazil.

TANAP is an Ankara-headquartered operator of the Trans-Anatolian Natural Gas Pipeline spanning 1,811 kilometers from Azerbaijan through Turkey to Europe. Commissioned in 2018, it transports 16 billion cubic meters annually of Shah Deniz gas from the Caspian Sea, supplying Greece, Bulgaria, and onward markets. TANAP partners with SOCAR, BP, and Botas in compressor stations across eastern Anatolia to eastern Thrace.

Yantai Wanhua Petrochemical is a wholly owned subsidiary of Wanhua Chemical Group that operates a cluster of petrochemical production units in Yantai, China. The facility produces high-value chemicals including propylene oxide, tert-butyl alcohol, acrylic acid, and butyl acrylate, supplied in part through long-term feedstock agreements such as a supply arrangement with Kuwait Petroleum. In 2025, Kuwait's Petrochemical Industries Company acquired a 25% stake in the business, its largest investment in China's petrochemical sector to date.

Transportadora Associada de Gás is a Brazilian pipeline operator that transports natural gas through a 3,400-kilometer network connecting production fields in the Santos Basin to consumers in São Paulo and Minas Gerais. Controlled by Petrobras, it delivers over 20 million cubic meters daily to industrial clients and power plants. The Rio de Janeiro-headquartered firm invests in pipeline expansions and maintenance to support Brazil's energy transition.