Encap

EnCap-Backed Clearfork Gains Entry into Haynesville with Azure Acquisition

EnCap-Backed Clearfork Gains Entry into Haynesville with Azure Acquisition

Fort Worth, TX-based Clearfork Midstream LLC said Tuesday it plans to acquire Azure Midstream Energy LLC, giving it entry into the core areas of the Haynesville Shale in North Louisiana and East Texas. The price was not disclosed for the takeover, which was funded by Clearfork sponsor EnCap Flatrock Midstream LLC (EFM). The private equity…

January 19, 2022
Equinor Takes $900M for Bakken Assets as Lower 48 Portfolio Continues to Shrink

Equinor Takes $900M for Bakken Assets as Lower 48 Portfolio Continues to Shrink

Equinor ASA, an enthusiastic buyer in the early days of the Lower 48 unconventional oil and gas revolution, has put the portfolio in reverse, with the Bakken Shale the latest to change hands. The Norwegian major said Wednesday it agreed to sell its North Dakota and Montana assets to EnCap Investments-backed Grayson Mill Energy for…

February 10, 2021
New Midstreamer Humble to Pursue Acquisitions, Greenfield Projects with EnCap Backing

New Midstreamer Humble to Pursue Acquisitions, Greenfield Projects with EnCap Backing

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…

December 2, 2020

New Midstreamer Tatanka Snags $500M to Pursue North American Assets

Private equity-backed Tatanka Midstream LLC, a new independent midstream company based in San Antonio, TX, is seeking to acquire and build assets across the North American energy market.

March 2, 2020

New Midstreamer Edgewater Secures EnCap Backing to Develop North American Crude Solutions

With an initial commitment of $400 million from EnCap Flatrock Midstream, newly formed operator Edgewater Midstream LLC is focusing on acquiring and developing pipeline and terminal solutions for major North American petroleum trading hubs and demand centers.

January 8, 2020

EnCap Flatrock’s Newest Venture Snags South Texas Gathering Systems

With a $400 million initial capital commitment from EnCap Flatrock Midstream and management, an Ironwood Midstream Energy Partners spin-off Tuesday said it would acquire a pair of crude oil gathering systems in South Texas from a subsidiary of Twin Eagle Holdings NA LLC.

November 12, 2019

Getka Gearing Up to Expand Oil Storage Options for U.S. Producers

Crude oil logistics provider Getka Energy LLC has secured a $250 million initial equity commitment from management and EnCap Flatrock Midstream to expand storage, transport and market options for North America producers.

March 28, 2018

EnCap’s North American NatGas Commitments Reach $1B in Three Days

EnCap Flatrock Midstream on Wednesday announced its third big U.S. energy investment in three days, including up to $500 million in initial equity for a pair of midstream companies, bringing parent Encap Investments LP’s total commitment to the North American natural gas and oil sector to more than $10 billion.*

July 12, 2017

With EnCap Backing, Cardinal Midstream Growing Utica Footprint, Expanding in North America

Dallas-based Cardinal Midstream has received a $250 million equity commitment from EnCap Flatrock Midstream to build out a Utica Shale dry gas gathering system in north central Pennsylvania and acquiring other assets across North America.

June 5, 2017

Brief — Aspen Midstream

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.

May 17, 2017
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