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Houston-based EnCap Investments LP and partner Flatrock Energy Advisors, headquartered in San Antonio, have created the EnCap Energy Infrastructure Fund LP with total capital commitments of $791.6 million. The fund is tailored for investments in midstream businesses in North America. The fund managers plan to provide growth capital to “proven” management teams of gathering pipelines, natural gas treatment and processing plants, as well as interstate pipelines and storage. The midstream fund already has committed $215 million to five portfolio energy companies that include Cardinal Midstream and Rangeland Energy.

Houston-based EnCap Investments LP and partner Flatrock Energy Advisors, headquartered in San Antonio, have created the EnCap Energy Infrastructure Fund LP with total capital commitments of $791.6 million. The fund is tailored for investments in midstream businesses in North America. The fund managers plan to provide growth capital to “proven” management teams of gathering pipelines, natural gas treatment and processing plants, as well as interstate pipelines and storage. The midstream fund already has committed $215 million to five portfolio energy companies that include Cardinal Midstream and Rangeland Energy.

Houston-based EnCap Investments LP and partner Flatrock Energy Advisors, headquartered in San Antonio, have created the EnCap Energy Infrastructure Fund LP with total capital commitments of $791.6 million. The fund is tailored for investments in midstream businesses in North America. The fund managers plan to provide growth capital to “proven” management teams of gathering pipelines, natural gas treatment and processing plants, as well as interstate pipelines and storage. The midstream fund already has committed $215 million to five portfolio energy companies that include Cardinal Midstream and Rangeland Energy.

Joining Canada’s EnCana Corp. in carefully monitoring capital expenditures (capex) and exploration in the coming year are two more top independents headquartered in Calgary: Nexen Inc. and Petro-Canada Inc., which last week detailed their reduced spending programs.

Joining Canada’s EnCana Corp. in carefully monitoring capital expenditures (capex) and exploration in the coming year are two more top independents headquartered in Calgary: Nexen Inc. and Petro-Canada Inc., which this week detailed their spending programs.

Tortoise Capital Advisors LLC, whose portfolio includes emerging exploration and production master limited partnerships (MLP), has formed an oil and gas company. Headquartered in Overland Park, KS, Tortoise Gas and Oil Corp. will have equity of $82.9 million and available capital of more than $100 million for direct investments in energy producers. “We formed Tortoise Gas and Oil Corp. primarily to respond to the growing need by private and public U.S. energy production partnerships for timely and flexible direct placement financing to fund internal growth projects and acquisitions,” said Managing Director David Schulte. “We intend to invest directly in privately held companies and publicly traded MLPs operating primarily in the upstream segment, and to a lesser extent the midstream segment, of the energy sector.” Tortoise now has about $10 million invested in High Sierra Energy LP, $10 million in International Resources Partners LP and $7.5 million in EV Energy Partners LP.

Stone Energy Corp., headquartered in Lafayette, LA, has elected David H. Welch as its new president and CEO and as a member of the board of directors, effective April 1. Current President and CEO D. Peter Canty is retiring, however, he will continue as a director. Welch, 55, began working at Amoco in 1978 and subsequently, at BP America Inc. where he most recently served as senior vice president responsible for all external affairs in North America. He also was president of BP Alaska Canada Gas, and was earlier president of BP’s Deepwater Gulf of Mexico Development and Production business. Canty’s association with Stone began in 1981 when he joined a predecessor company. He was the primary designer of the acquisition and exploitation strategy that has been responsible for the successful development and growth of Stone since its formation.

Lewis Energy Group, headquartered in San Antonio, on Wednesday bid to produce natural gas in Mexico’s Burgos Basin for Petroleos Mexicanos (Pemex). Lewis, the only bidder, estimated it would invest about $340 million over 20 years to produce 40 MMcf/d.

AES Ocean Express LLC has won final environmental clearance from FERC to construct the 54-mile U.S. leg of a pipeline that would transport vaporized gas to southern Florida from a proposed liquefied natural gas (LNG) import terminal in the Bahamas. This action puts the AES Ocean project ahead of the competing Bahamas-to-Florida projects sponsored by Tractebel and El Paso Corp.