Newly launched Aspen Midstream LLC of Dallas is starting out with a $200 million initial commitment from EnCap Flatrock Midstream and company management. Aspen offers natural gas gathering, processing, compression and treating; condensate stabilization and vapor recovery; crude oil gathering and terminaling; and produced-water gathering and disposal to producers throughout North America. CEO James Clarke most recently was vice president of business development at Energy Transfer Partners LP. Aspen’s other founding executives are Chief Commercial Officer Stephen Reilly, COO Robert Underwood and Matt Ray, vice president of business development. Reilly previously served as senior director of business development at Energy Transfer, where he worked alongside Underwood, who was director of engineering; and Ray, who was director of business development.