About Pinnacle Midstream
Pinnacle Midstream is a company based in Houston (United States) founded in 2014 by J Greg Sargent was acquired by Phillips 66 in May 2024. Pinnacle Midstream has raised $20 million across 2 funding rounds from investors including Phillips 66, Energy Spectrum and BP Energy Partners. The company has 9 employees. Pinnacle Midstream offers products and services including Natural Gas Gathering, Crude Oil Processing, and Produced Water Gathering. Pinnacle Midstream operates in a competitive market with competitors including Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others.
- Headquarter Houston, United States
- Employees 9
- Founders J Greg Sargent
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website pinnaclemidstream.com
- Social LinkedIn
- Acquired by Phillips 66 (May 2024)
- Legal Name Pinnacle Midstream, Llc
- Total Equity Funding$20M (USD)
in 2 rounds
- InvestorsPhillips 66
& 2 more
- Employee Count9
- Acquired byPhillips 66
(May 2024)
Products & Services of Pinnacle Midstream
Pinnacle Midstream offers a comprehensive portfolio of products and services, including Natural Gas Gathering, Crude Oil Processing, and Produced Water Gathering.
Service for collecting and processing natural gas in the Midland Basin.
Handles gathering, stabilization, and storage of crude oil resources.
Manages disposal and gathering of produced water in oil operations.
Funding Insights of Pinnacle Midstream
Pinnacle Midstream has successfully raised a total of $20M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20M
- Total Rounds 2
- First Round $20M
(Jan 2015)
- Investors Count 2
All 2 funding rounds of Pinnacle Midstream with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2019 | – | Private Equity Round | – | Energy Spectrum | – |
| Jan 2015 | $20M | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Pinnacle Midstream
Pinnacle Midstream has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Phillips 66, Energy Spectrum and BP Energy Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Energy infrastructure investments are managed by this firm. | 1996 | energyspectrum.com | Dallas, United States | |
A private equity firm focused on energy-intensive industries is operated. | 2012 | bpenergypartners.com | Dallas, United States | |
Energy manufacturing and logistics services are provided globally. | 1875 | phillips66.com | Houston, United States |
Investor details for Pinnacle Midstream
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People of Pinnacle Midstream
1 people are tracked at Pinnacle Midstream (1 in leadership); the tracked headcount is 9.
| Name | Role | Group |
|---|---|---|
J Greg Sargent | Founder & CEO | Leadership |
Complete people profiles for Pinnacle Midstream
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Timeline of Pinnacle Midstream
4 dated milestones of Pinnacle Midstream across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Pinnacle Midstream is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Private Equity Round,.
- Exit Acquired by Phillips 66.
Competitors of Pinnacle Midstream
Pinnacle Midstream operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dominionenergy.com | 1983 | United States | – | 17,700 | Energy production and transportation are conducted by Dominion Energy. | |
| eni.com | 1953 | Boston, United States | – | 62 | Provider of exploration, production, and distribution services of oil & gas | |
| shell.com | 1907 | London, United Kingdom | – | 2 | Shell is recognized as a global energy and petrochemical company. | |
| oxy.com | 1920 | Houston, United States | – | 12,570 | Integrated petroleum services are provided worldwide by Oxy. | |
| naturgy.com | 1843 | Madrid, Spain | – | – | Electricity and natural gas distribution services are provided globally. | |
| gazprom.com | 1989 | Moscow, Russia | – | 469,000 | Gazprom is engaged in the exploration, production, and distribution of natural gas. | |
| suncor.com | 1967 | Calgary, Canada | – | 12,381 | Oil sands development, exploration, production, and refining are conducted. | |
| galp.com | 1999 | Lisbon, Portugal | – | 6,389 | Oil and gas exploration, production, and distribution are conducted. | |
| nblenergy.com | 1932 | Houston, United States | – | 2,277 | Oil and natural gas exploration, production, and processing company |
Detailed competitors of Pinnacle Midstream
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Latest news on Pinnacle Midstream
Complete news archive for Pinnacle Midstream
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Similar companies to Pinnacle Midstream
10 companies that operate in the same segment as Pinnacle Midstream (Oil & Gas Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | – | USD 35.69 B | 110,000 | |
MET Group is engaged in energy trading and renewable production. | 2012 | Zug, Zug, Switzerland | USD 58.74 M | USD 33.52 M | – | |
bp is recognized as a global energy company. | 1909 | United States | – | USD 185.5 B | 100,500 | |
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | – | USD 16.73 B | 14,700 | |
Provider of oil & gas downstream services | 1997 | United States | – | USD 13.55 B | 10,680 | |
Energy infrastructure services are provided by Kinder Morgan. | 1997 | United States | – | USD 16.81 B | 10,930 | |
Shell is recognized as a global energy and petrochemical company. | 1907 | London, England, United Kingdom | – | USD 262.93 B | 104,000 | |
Provider of natural gas & oil exploration and transportation services | 1922 | Buenos Aires, Argentina | – | – | – | |
Midstream services for oil and gas are provided. | 1996 | Dallas, Texas, United States | – | USD 85.54 B | 16,250 | |
Integrated petroleum services are provided worldwide by Oxy. | 1920 | Houston, Texas, United States | – | USD 21.56 B | 13,320 |
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Frequently Asked Questions about Pinnacle Midstream
Pinnacle Midstream was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Pinnacle Midstream is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
J Greg Sargent is the current CEO of Pinnacle Midstream. They have also founded this company.
Pinnacle Midstream is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $20M, raised on Jan 2015.
Pinnacle Midstream has 9 employees.
Pinnacle Midstream was founded in 2014 and is headquartered in Houston, United States. Operations focus on the midstream sector of the oil and gas industry, including transportation, storage, and processing services. Leadership is provided by J Greg Sargent as founder and CEO. Activities support the movement of hydrocarbons from production sites to refineries or markets across key regions.
Pinnacle Midstream's top competitors include Dominion Energy, Shell and Oxy.
Pinnacle Midstream offers Natural Gas Gathering, Crude Oil Processing, and Produced Water Gathering.
Pinnacle Midstream has 3 investors. Key investors include Phillips 66, Energy Spectrum, and BP Energy Partners.
Pinnacle Midstream operates through Pinnacle Midstream, Llc.
Yes. Pinnacle Midstream was acquired by Phillips 66 in May 2024.