News

Caiman Energy, LLC is pleased to announce that on December 17th it signed definitive agreements with Chief Oil & Gas, LLC and its partners to provide midstream gathering services for approximately 267,000 of Chief’s lease acreage position located in nine counties within southwestern Pennsylvania, West Virginia, and Maryland of the Marcellus Shale. As part of this arrangement, Caiman purchased certain interstate taps in the area of the dedication and rights of way from Chief.

Caiman is also actively engaged in northwestern West Virginia installing gathering facilities including natural gas liquids extraction for multiple area producers and looks to the Chief partnership as a natural extension of their services in the Marcellus. Jack Lafield, President and CEO of Caiman Energy, stated, “Caiman is excited to enter into this partnership with Chief Oil & Gas, a proven shale play producer, and looks forward to providing our midstream expertise in other parts of the Marcellus fairway. Chief’s extensive acreage position, which along with Caiman’s dedications in West Virginia, provides Caiman with over 340,000 acres of gathering exposure in the largest shale play in the United States. This venture also provides Caiman with the ability to extend its gathering footprint to additional producers in areas currently lacking sufficient gathering infrastructure for Marcellus Shale production”. Caiman has opened an office in Pittsburgh, Pennsylvania and is in the process of expanding its office in Dallas, Texas.

Jim Scott, Senior Vice President of Midstream for Chief Oil & Gas, stated, “The Caiman team’s tremendous experience in the midstream space provides Chief and its partners with the confidence that our gathering needs in this portion of the Marcellus located in southwestern Pennsylvania are well taken care of. On this deal, we sought an established midstream company with the financial resources and aggressive ability to execute.”

About Caiman Energy, LLC
Caiman Energy is a midstream energy company focused on designing, building, owning, operating and acquiring midstream assets to provide services to producers such as natural gas gathering, compression, transportation, measurement, treating/conditioning and processing. Caiman Energy was founded in February of 2009 by partners Jack Lafield, Danny Thompson and Rick Moncrief, who have over 90 years of collective industry experience. Caiman Energy is currently pursuing midstream projects in emerging resource plays throughout the US.

Caiman Energy is supported by a substantial equity commitment from the EnCap Energy Infrastructure Fund, L.P. (EEIF).

About the EnCap Energy Infrastructure Fund, L.P.
The EnCap Energy Infrastructure Fund, L.P. provides private equity capital for midstream energy infrastructure opportunities throughout North America. EEIF focuses on providing growth capital to top quality midstream management teams, and is jointly managed by EnCap and Flatrock Energy Advisors.

As the manager of 14 institutional funds aggregating $7 billion, EnCap has been the leading source of private equity to the independent energy sector. Over the past two decades, the firm has provided growth capital and strategic advice to more than 165 upstream and midstream oil and gas companies, frequently backing management teams in successive ventures. In addition to abundant resources, the unparalleled experience and extensive contacts possessed by EnCap’s 29 person investment staff uniquely positions the firm not only to provide capital, but also assist in the value creation process. 

In 2008 Flatrock Energy Advisors exited its midstream advisory practice to partner with EnCap in managing the EnCap Energy Infrastructure Fund. The Flatrock Principals bring over 90 years of midstream experience and 125 prior advisory clients in the sector, and have been directly involved in approximately $3.3 billion in energy transactions and investments.