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News Releases

Evolution Midstream, LLC, a leading provider of flexible midstream and ancillary services to oil and gas producers, announced that it has broken ground on its Jewell Facility, a natural gas processing plant in Converse County, Wyoming in the heart of the Powder River Basin (PRB).
Crude oil logistics provider Getka Energy LLC announced it has closed on the purchase of the former Pacer Energy Terminal located in Cushing, Oklahoma. The 28-acre property houses crude oil storage tanks and several LACT units. The terminal is connected to Enterprise Products’ Cushing Terminal via pipeline.  
Candor Midstream, LLC announced an initial venture capital commitment of $200 million from EnCap Flatrock Midstream (“EnCap Flatrock”). Headquartered in Houston and established in 2017, Candor is an independent energy company focused on the development of midstream infrastructure across North America. Candor is pursuing organic, greenfield projects and select acquisition opportunities.
Cogent Midstream, LLC announced it will expand its natural gas processing capacity in the lower Midland Basin of West Texas. Cogent will construct a new refrigerated cryogenic processing plant at the same location as its current Big Lake Plant in Reagan County, Texas. 

Lotus Midstream to Acquire Centurion Pipeline
August 8, 2018 | Lotus Midstream

Crude oil logistics provider Lotus Midstream, LLC announced it has entered into a definitive agreement to acquire the Centurion pipeline system and a Southeast New Mexico crude oil gathering system from Occidental Petroleum Corporation.
Liquids terminaling and logistics provider Moda Midstream, LLC announced it has entered into a definitive agreement to acquire the Oxy Ingleside Energy Center (“IEC” or the “Ingleside Energy Center”) and certain crude oil and LPG infrastructure from Occidental Petroleum Corporation.
Rangeland Energy III, LLC  announced that operations commenced at its STEPS terminal in Corpus Christi, Texas, on Monday, June 4. Rangeland also announced that in June the company will begin loading diesel onto railcars for a leading refined products customer. The diesel will be delivered to third-party inland terminals in Mexico via the Kansas City Southern Railway (NYSE: KSU). 
Cardinal Midstream III, LLC announced today that it has secured a long-term dedication in excess of 100,000 acres to its Iron Horse System from Camino Natural Resources, LLC (“Camino”). 
Getka Energy LLC, a crude oil logistics provider, announced that it has secured an initial equity commitment of $250 million from EnCap Flatrock Midstream and the Getka management team. Getka was formed earlier this year to provide storage, blending and terminal solutions, as well as pipeline transportation and market optionality for producers across North America in addition to domestic and international marketers.
SAN ANTONIO –  EnCap Flatrock Midstream announced today that Rob Wingo has joined the firm as managing director.
Tall Oak Midstream III, LLC (“Tall Oak”) announced today a non-binding open season to secure prospective shippers for a proposed 80-mile natural gas residue pipeline. 
Lotus Midstream, LLC, a crude oil logistics provider, announced today it has secured an initial capital commitment of $400 million from EnCap Flatrock Midstream and the Lotus management team. The company is focused on the organic development of midstream infrastructure and services necessary to transport crude oil and condensate from the wellhead to market, including crude gathering, transportation and storage. Lotus also is pursuing strategic acquisition opportunities.
Cardinal Midstream III, LLC (“Cardinal III”) announced today that it is developing the Iron Horse System, a new natural gas gathering and processing system designed to serve producers working in Oklahoma’s SCOOP/STACK/Merge play. Located in Oklahoma’s Anadarko Basin, the liquids-rich play targets multiple benches within the Woodford and Mississippian pay zones, with upside from additional horizons.

EnCap Flatrock Midstream Closes $3.25 Billion Fund
January 18, 2018 | EnCap Flatrock Midstream

EnCap Flatrock Midstream (“EnCap Flatrock”) today announced the final closing of EnCap Flatrock Midstream Fund IV, L.P., ("EFM IV"). The substantially oversubscribed fund exceeded its $3 billion target and reached its $3.25 billion hard cap within six months. EnCap Flatrock Midstream provides value-added growth capital to management teams in the midstream sector of the North American energy industry. EnCap Flatrock’s prior fund, EnCap Flatrock Midstream Fund III, L.P., closed at $3 billion in May 2014.

EnCap Flatrock Midstream Promotes Sam Pitts to Partner
January 16, 2018 | EnCap Flatrock Midstream

EnCap Flatrock Midstream (“EnCap Flatrock”) today announced the promotion of Sam Pitts to partner. Mr. Pitts, who anchors the firm’s Houston office, joined EnCap Flatrock Midstream as managing director in 2014. He serves on the board of directors of several EnCap Flatrock portfolio companies including Aspen Midstream, LLC; Greenfield Midstream, LLC; Moda Midstream, LLC; Nuevo Midstream Dos, LLC; and Tradition Midstream, LLC.
Lucid Energy Group (“Lucid”) and its financial sponsor, EnCap Flatrock Midstream, announced today they have entered into a definitive agreement to sell Lucid Energy Group II, LLC (“Lucid II”) to a joint venture controlled by Riverstone Global Energy and Power Fund VI, L.P., an investment fund managed by Riverstone Holdings LLC (“Riverstone”), and investment funds managed by the Merchant Banking Division of The Goldman Sachs Group Inc. (“Goldman Sachs MBD”) for approximately $1.6 billion in cash. 
Rangeland Energy (“Rangeland”) today announced that the company and its financial sponsor EnCap Flatrock Midstream have entered into a definitive agreement to sell Rangeland Energy II, LLC (“Rangeland II”) to Tesoro Refining & Marketing Company LLC, a wholly owned subsidiary of Andeavor (NYSE: ANDV) for an undisclosed amount.
Noble Midstream Partners LP (NYSE: NBLX) (“Noble Midstream” or the “Partnership”) and Greenfield Midstream, LLC announced today the formation of a joint venture, Black Diamond Gathering, LLC (“JV” or “Black Diamond”).
Tall Oak Midstream III, LLC announced today that the company will construct a natural gas gathering system in southeast Oklahoma’s East STACK play. Producers working in the East STACK are developing multiple stacked pay zones, including the Woodford, Caney and Mayes formations. The system will span Hughes County and portions of Seminole, Pontotoc, Coal, Pittsburg, Atoka and McIntosh counties.
 Stakeholder Midstream, LLC announced today it will build a new natural gas gathering system in the Permian Basin to serve producers working in the Horizontal San Andres. This comprehensive gas gathering solution includes low-pressure gathering, liquids handling, sour gas treating, cryogenic processing and nitrogen rejection capabilities. In conjunction with its new natural gas system, Stakeholder also will significantly expand its existing San Andres Crude Gathering System. These new assets are supported by long-term contracts and dedications of more than 100,000 acres from Horizontal San Andres producers.

Articles

Eagle Ford Contenders
January/February 2011 | Midstream Business

Caiman Energy Breaks Ground for Producers in the Marcellus Shale Play
August 11, 2010 | Jeannie Stell, Editor, PipeLine and Gas Technology

EnCap, After All These Years
August 1, 2008 | Leslie Haines, Oil and Gas Investor

Take-Away Tug of War
December 1, 2008 | Jeanne Stell, Oil and Gas Investor