Newly formed Humble Midstream LLC said Tuesday it has secured an initial $300 million capital commitment from private equity firm EnCap Flatrock Midstream, aka EFM.

“Based in Denver and formed in mid-2020, Humble Midstream is an independent energy company focused on acquiring and building midstream assets in conventional and unconventional plays across North America,” the company said. “Its goal is to create value by improving efficiencies and expanding the customer base of acquired businesses and/or building competitive new assets that serve the needs of the North American energy market.”

Humble Midstream is helmed by CEO Steve Huckaby, a 38-year energy industry veteran who served most recently as co-founder and CEO of Meritage Midstream, which was formed in 2009, also...