EnCap Flatrock Midstream
Company Summary
Description
EnCap Flatrock Midstream is a private equity firm with a singular focus: identifying, investing in and enhancing the value of great businesses and attractive assets in the midstream sector of North America's oil and gas industry. Founded in 2008 by Flatrock Energy Advisors and EnCap Investments L.P., the firm is guided by a disciplined and persistent approach to value creation through the rigorous application of intellectual and financial capital. The firm manages the EnCap Flatrock Midstream Funds I, II and III, which together have approximately $5.6 billion in institutional capital commitments from a broad range of prestigious institutional investors. EnCap Flatrock has more than $5 billion in total assets under management.Website
http://www.efmidstream.com/Related Entities
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- Clearfork Midstream, LLC
- Cogent Midstream, LLC
- Eagleclaw Midstream Services
- Eagleclaw Midstream Ventures
- Edgewater Midstream
- EnCap Flatrock Midstream Fund IV, L.P.
- EnCap Investments L.P.
- Evolution Midstream LLC,
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- Rangeland Energy
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- Rangeland Energy III, LLC
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- Tall Oak Midstream LLC
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- Toledo Bend Midstream
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Recent news
- 3/20/2024 - Moda Midstream II, LLC... (subscriber access)
- 1/16/2024 - Moda Midstream and EnCap... (subscriber access)
- 9/5/2023 - Rangeland & EnCap... (subscriber access)
- 7/17/2023 - Buckeye Partners... (subscriber access)
- 4/5/2023 - Humble Midstream Exiting... (subscriber access)
Company Transactions
Date: 9/7/2021
Type: Acquisition
NOTES:
Enbridge Inc. has reached a deal with EnCap Flatrock Midstream to acquire Moda Midstream Operating for $3 billion in cash. The primary asset being acquired via Moda is their Ingleside Energy Center, which is North America's largest crude export terminal with 1.5 MMbbl/d in export capacity and 15.6 million barrels of storage
Enbridge Inc. has reached a deal with EnCap Flatrock Midstream to acquire Moda Midstream Operating for $3 billion in cash. The primary asset being acquired via Moda is their Ingleside Energy Center, which is North America's largest crude export terminal with 1.5 MMbbl/d in export capacity and 15.6 million barrels of storage
REGIONS:
Gulf Coast
Date: 3/31/2018
Type: Acquisition
BUYERS:
Riverstone Holdings LLC
Goldman Sachs
ASSETS:
South Carlsbad Gathering System
Artesia Gas Processing Plant
PROJECTS:
South Carlsbad Gathering Pipeline
DETAILS:
COST: 1.6 $B
VOLUMES: 1700 Miles
NOTES:
The Lucid II assets included in the transaction are located in the core of the northern Delaware Basin and are known as the South Carlsbad Natural Gas Gathering and Processing System and the Artesia Natural Gas Gathering and Processing System. Assets include approximately 1,700 miles of natural gas gathering pipelines and 585 million cubic feet per day (MMcf/d) of processing capacity, with an additional 200 MMcf/d under construction and scheduled to be in service by mid-2018.
The Lucid II assets included in the transaction are located in the core of the northern Delaware Basin and are known as the South Carlsbad Natural Gas Gathering and Processing System and the Artesia Natural Gas Gathering and Processing System. Assets include approximately 1,700 miles of natural gas gathering pipelines and 585 million cubic feet per day (MMcf/d) of processing capacity, with an additional 200 MMcf/d under construction and scheduled to be in service by mid-2018.
REGIONS:
Delaware Basin
Date: 1/20/2018
Type: Acquisition
DETAILS:
NOTES:
Rangeland Energy and EnCap Flatrock Midstream announced that they have reached a deal to sell Rangeland Energy II, LLC to Tesoro Refining & Marketing for an undisclosed amount.
Rangeland Energy and EnCap Flatrock Midstream announced that they have reached a deal to sell Rangeland Energy II, LLC to Tesoro Refining & Marketing for an undisclosed amount.
REGIONS:
Delaware Basin
Texas and Producing Region
Date: 10/17/2017
Type: Acquisition
BUYERS:
Pin Oak Corpus Christi, LLC
DETAILS:
NOTES:
Pin Oak Corpus Christi has closed on the acquisition of a 100% interest in Gravity Midstream Corpus Christi from EnCap Flatrock Midstream.
Pin Oak Corpus Christi has closed on the acquisition of a 100% interest in Gravity Midstream Corpus Christi from EnCap Flatrock Midstream.
REGIONS:
Gulf Coast
Date: 7/31/2017
Type: Acquisition
DETAILS:
COST: 2 $B
NOTES:
Blackstone Energy Partners and Blackstone Capital Partners announced that they have entered into a deal to acquire EagleClaw Midstream Ventures for $2 billion from EnCap Flatrock Midstream. The deal is an all-cash transaction and will close by en end of July 2017. Jeffries LLC is providing Blackstone with $1.25 billion in stapled debt financing for the deal.
Blackstone Energy Partners and Blackstone Capital Partners announced that they have entered into a deal to acquire EagleClaw Midstream Ventures for $2 billion from EnCap Flatrock Midstream. The deal is an all-cash transaction and will close by en end of July 2017. Jeffries LLC is providing Blackstone with $1.25 billion in stapled debt financing for the deal.
REGIONS:
Permian Basin
News & Press Releases
Criterion News
- 3/20/2024 - Moda Midstream II, LLC... (subscriber access)
- 1/16/2024 - Moda Midstream and EnCap... (subscriber access)
- 9/5/2023 - Rangeland & EnCap... (subscriber access)
- 7/17/2023 - Buckeye Partners... (subscriber access)
- 4/5/2023 - Humble Midstream Exiting... (subscriber access)
- 3/27/2023 - Energy Transfer... (subscriber access)
- 7/19/2022 - Vecino Energy Secures... (subscriber access)
- 7/18/2022 - Momentum Midstream... (subscriber access)
- 7/7/2022 - Manchester Energy... (subscriber access)
- 11/16/2021 - Ironwood Midstream... (subscriber access)
- 10/13/2021 - Enbridge Closes on... (subscriber access)
- 9/7/2021 - Enbridge Outlines Future... (subscriber access)
- 9/7/2021 - Enbridge Acquiring Moda... (subscriber access)
- 12/1/2020 - EnCap Commits $300MM to... (subscriber access)
- 3/3/2020 - Tatanka Midstream Formed... (subscriber access)
- 1/8/2020 - Edgewater Midstream Gets... (subscriber access)
- 12/11/2019 - Ironwood Midstream... (subscriber access)
- 11/13/2019 - EnCap Forms Ironwood... (subscriber access)
- 3/20/2019 - Nuevo Midstream... (subscriber access)
- 1/29/2019 - Clear Creek Midstream... (subscriber access)
- 8/23/2018 - Getka Energy Closes on Acquisition of Cushing Terminal & Adjacent Acreage
- 8/22/2018 - Cogent Midstream... (subscriber access)
- 8/21/2018 - Candor Midstream... (subscriber access)
- 8/8/2018 - Lotus Midstream... (subscriber access)
- 8/8/2018 - Moda Midstream Acquiring... (subscriber access)
- 5/1/2018 - Cardinal Midstream... (subscriber access)
- 3/27/2018 - Getka Energy Recieves $250 Million Equity Commitment from EnCap Flatrock Midstream
- 2/13/2018 - Lotus Midstream Secures... (subscriber access)
- 2/7/2018 - Cardinal Midstream III... (subscriber access)
- 1/18/2018 - EnCap Flatrock Midstream... (subscriber access)
Projects & Assets
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Nuevo Midstream Dos, LLC
Republic Midstream Eagle Ford Oil Gathering System (subscriber access)
Nuevo Midstream Dos, LLC
Republic Midstream Eagle Ford Oil Gathering System (subscriber access)
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Ingleside Crude Oil Terminal - Berth 4 & 5 Expansion (subscriber access)
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Moda Midstream
Ingleside Crude Oil Terminal - Capacity Expansion (subscriber access)
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Moda Midstream
Ingleside Crude Oil Terminal - VLCC Expansion (subscriber access)
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Moda Midstream
Iron Horse Gathering System (subscriber access)
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Cardinal Midstream III, LLC
Iron Horse Processing Plant (subscriber access)
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Evolution Midstream LLC,
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Evolution Midstream LLC,
Moda Ingleside Crude Oil Expansion (subscriber access)
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Moda Midstream
Moda Ingleside Express Pipeline (subscriber access)
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Panther Creek Natural Gas Processing Plant (subscriber access)
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Pecos Bend IV Expansion (subscriber access)
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Eagleclaw Midstream Ventures
Permian Highway Pipeline Project (PHP Project) (subscriber access)
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Kinder Morgan Texas Pipeline LLC
Eagleclaw Midstream Ventures
RIO Pipeline Project (subscriber access)
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Rangeland Energy II, LLC
Red Hills II Plant Expansion (subscriber access)
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Lucid Energy Group
Red Hills IV Processing Plant Expansion (subscriber access)
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Red Hills Processing Plant Expansion III (Red Hills III) (subscriber access)
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Red Hills V Processing Plant Expansion (subscriber access)
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RoadRunner I Plant (subscriber access)
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San Andres Crude Gathering System Expansion (subscriber access)
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San Andres Crude Oil Gathering System (subscriber access)
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San Andres Natural Gas Gathering System (subscriber access)
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Sierra Grande Gas Processing Connection (subscriber access)
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South Carlsbad Gathering Pipeline (subscriber access)
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South Texas Energy Products System (STEPS) Phase 1 (subscriber access)
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Rangeland Energy
South Texas Energy Products System (STEPS) Phase 2 (subscriber access)
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State Line Terminal (subscriber access)
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TOM Midcon Transport Pipeline (subscriber access)
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Tall Oak Midcon System Expansions - 2017 (subscriber access)
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Toyah II Processing Plant (subscriber access)
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Wink to Webster Crude Oil Pipeline (subscriber access)
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