EnCap Flatrock Midstream

EnCap Flatrock Midstream, established in 2008, is a private equity firm headquartered in San Antonio, Texas, with additional offices in Edmond, Oklahoma, and Houston, Texas. The firm specializes in investing in the midstream energy infrastructure sector across North America, focusing on natural gas and crude oil gathering, processing, storage, and transportation, as well as related services. EnCap Flatrock Midstream typically invests between $100 million to $200 million in its portfolio companies, seeking controlling stakes and board representation. The firm aims to enhance the value of its investments through strategic decision-making and exits within three to seven years.

Dennis F Jaggi

Co-Founder

Gregory King

Managing Partner

Brett Knowles

Managing Director

David Kurtz

Managing Partner

Matthew R. Melton

Vice President

Bradley J. Misialek

Vice President

Ian S. Morris

Senior Associate

Samuel Pitts

Managing Partner

Abigail R. Stavinoha

Vice President

R. Kyle Stelma

Vice President

William Waldrip

Co-Founder

Thomas J. Waldrip

Managing Director

Robert Wingo

Managing Director

Past deals in Oilfield Services

Cardinal Midstream Partners

Private Equity Round in 2022
Cardinal Midstream Partners, founded in 2008 and based in Dallas, Texas, specializes in midstream operations with a focus on natural gas gathering, transmission, and processing. The company initially received a significant equity commitment to support its growth, allowing it to develop a robust natural gas gathering and processing system in the Arkoma Woodford Shale. In 2012, Cardinal strategically divested its midstream assets and natural gas contract treating business, selling them for $600 million. Currently, Cardinal is actively pursuing midstream acquisition and development opportunities across North America, with an emphasis on congruent carbon capture and sequestration, aligning its operations with global initiatives aimed at minimizing carbon emissions and facilitating energy transition.

Candor Midstream

Venture Round in 2018
Candor Midstream is an independent energy company based in Houston that specializes in providing a comprehensive range of midstream services to oil and gas producers across the United States. Established in 2017, Candor is led by a team of experienced industry professionals with extensive expertise in various shale plays. The company offers services such as natural gas gathering and transportation, saltwater gathering, condensate stabilization, and long-haul transportation. These services are designed to enhance productivity and optimize efficiency for clients in the energy sector, making Candor a trusted partner for leading operators in the industry.

Getka Energy

Private Equity Round in 2018
Getka Energy specializes in providing comprehensive logistics services for crude oil, including storage, blending, truck-to-pipe, and pipeline transportation. The company serves crude oil producers as well as domestic and international marketers, facilitating efficient and safe access to hydrocarbons. Getka Energy emphasizes unique solutions that harness technology, market relationships, and asset expertise, offering clients enhanced agility and optionality across North America. By delivering tailored terminal solutions and logistical support, Getka Energy aims to meet the evolving needs of the crude oil industry while ensuring operational effectiveness.

Greenfield Midstream

Private Equity Round in 2018
Greenfield Midstream is an energy company dedicated to the development of midstream infrastructure assets across North America. Founded in 2017 and headquartered in The Woodlands, Texas, the company focuses on providing essential services such as natural gas gathering, processing, treating, and compression, as well as crude oil gathering and transportation. Additionally, Greenfield Midstream offers water handling and product marketing services. By targeting underserved regions, the company aims to support local producers and promote the organic growth of midstream assets.

Lotus Midstream

Private Equity Round in 2018
Lotus Midstream, LLC is an independent energy company headquartered in Sugar Land, Texas, that specializes in crude oil logistics and midstream infrastructure development. Established in 2017, the company focuses on the transportation of crude oil and condensate from the wellhead to market through its pipeline systems. Lotus Midstream offers a comprehensive range of services, including wellhead gathering, intra-basin transportation, terminalling, and long-haul transportation. By identifying optimal markets for supply and demand, Lotus Midstream aims to maximize producer netbacks while providing essential logistics solutions in the energy sector.

Greenfield Midstream

Private Equity Round in 2017
Greenfield Midstream is an energy company dedicated to the development of midstream infrastructure assets across North America. Founded in 2017 and headquartered in The Woodlands, Texas, the company focuses on providing essential services such as natural gas gathering, processing, treating, and compression, as well as crude oil gathering and transportation. Additionally, Greenfield Midstream offers water handling and product marketing services. By targeting underserved regions, the company aims to support local producers and promote the organic growth of midstream assets.

Cardinal Midstream Partners

Private Equity Round in 2017
Cardinal Midstream Partners, founded in 2008 and based in Dallas, Texas, specializes in midstream operations with a focus on natural gas gathering, transmission, and processing. The company initially received a significant equity commitment to support its growth, allowing it to develop a robust natural gas gathering and processing system in the Arkoma Woodford Shale. In 2012, Cardinal strategically divested its midstream assets and natural gas contract treating business, selling them for $600 million. Currently, Cardinal is actively pursuing midstream acquisition and development opportunities across North America, with an emphasis on congruent carbon capture and sequestration, aligning its operations with global initiatives aimed at minimizing carbon emissions and facilitating energy transition.

Lucid Energy Group

Private Equity Round in 2016
Lucid Energy Group is a midstream services company based in Dallas, Texas, specializing in the gathering, processing, transportation, and treatment of natural gas and crude oil. Established in 2011, Lucid focuses on serving producers in the Permian Basin, particularly in the high-growth areas of the Wolfcamp and Clines shales. The company is actively expanding its greenfield gathering and processing facilities to meet the increasing demand for midstream infrastructure in the region. Lucid's operations include developing and operating a range of infrastructure and facilities, with field offices located in Sterling City and San Angelo. By emphasizing clear communication and customer service, Lucid aims to build trust with its clients, delivering tailored solutions that address their unique needs in the evolving energy landscape.

Stakeholder Midstream

Private Equity Round in 2015
Stakeholder Midstream is a midstream oil and gas company that provides essential services to producers in unconventional shale plays across North America. The company specializes in in-field natural gas gathering, compression, treating, and processing services, as well as crude oil gathering, transportation, and storage. By focusing on environmentally responsible practices, Stakeholder Midstream aims to solve operational challenges and create value for its customers through a range of thoughtful midstream solutions, including permanent carbon sequestration.

Moda Midstream

Private Equity Round in 2015
Moda Midstream is a liquids terminaling and logistics company that specializes in providing independent terminal, storage, and distribution services for a variety of energy products. The company caters to refiners, petrochemical manufacturers, marketers, and producers of crude oil, condensate, natural gas liquids (NGLs), and refined products. Moda Midstream offers a range of services, including deepwater vessel loading and unloading, storage, blending, processing, and pipeline operations. Committed to safety and reliability, the company focuses on delivering flexible multimodal connectivity to ensure that customers receive efficient and effective solutions tailored to their needs.

RiverRock Energy

Private Equity Round in 2014
RiverRock Energy, LLC is a midstream company that specializes in developing infrastructure for the oil and gas sector. Founded in 2014 and based in Shavano Park, Texas, the company focuses on creating tailored solutions for oil and gas producers, particularly in rapidly growing resource plays. RiverRock Energy provides a range of services that include gathering, transportation, and storage for crude oil, natural gas, water, natural gas liquids, and other hydrocarbon liquids. The company operates pipelines, rail systems, and bulk storage facilities throughout various domestic oil and gas basins, emphasizing efficient logistics to meet the unique needs of its customers.

Tall Oak Midstream

Private Equity Round in 2014
Tall Oak Midstream is an innovative midstream company focused on serving oil and gas producers, particularly in the Arkoma Basin. The company offers a comprehensive range of midstream services that include natural gas gathering, compression, treating, and processing, as well as crude oil gathering and transportation. Additionally, Tall Oak Midstream provides condensate and water handling services, along with product marketing solutions. Through its diverse capabilities, the company aims to enhance the efficiency and effectiveness of oil and gas operations.

Cardinal Midstream Partners

Private Equity Round in 2013
Cardinal Midstream Partners, founded in 2008 and based in Dallas, Texas, specializes in midstream operations with a focus on natural gas gathering, transmission, and processing. The company initially received a significant equity commitment to support its growth, allowing it to develop a robust natural gas gathering and processing system in the Arkoma Woodford Shale. In 2012, Cardinal strategically divested its midstream assets and natural gas contract treating business, selling them for $600 million. Currently, Cardinal is actively pursuing midstream acquisition and development opportunities across North America, with an emphasis on congruent carbon capture and sequestration, aligning its operations with global initiatives aimed at minimizing carbon emissions and facilitating energy transition.

Lucid Energy Group

Private Equity Round in 2012
Lucid Energy Group is a midstream services company based in Dallas, Texas, specializing in the gathering, processing, transportation, and treatment of natural gas and crude oil. Established in 2011, Lucid focuses on serving producers in the Permian Basin, particularly in the high-growth areas of the Wolfcamp and Clines shales. The company is actively expanding its greenfield gathering and processing facilities to meet the increasing demand for midstream infrastructure in the region. Lucid's operations include developing and operating a range of infrastructure and facilities, with field offices located in Sterling City and San Angelo. By emphasizing clear communication and customer service, Lucid aims to build trust with its clients, delivering tailored solutions that address their unique needs in the evolving energy landscape.
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