Overview
"The right equity partner helped us create a rapidly growing gas gathering franchise in the Eagle Ford shale. When you line up EnCap Flatrock's operational experience and expertise with ours, it's a great fit."
Steve Huckaby
President & CEO, Meritage Midstream Services

L-R: Bill Waldrip, Managing Partner & Founder; Steve Huckaby, President & CEO, Meritage Midstream Services; Dennis Jaggi, Managing Partner; Billy Lemmons, Managing Partner.
MAKING GOOD COMPANIES GREAT: A STRATEGIC APPROACH TO BUILDING VALUE. 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 Fund I, which has $791.6 million in investment commitments from 66 prestigious institutional investors. EnCap Flatrock has more than $1.2 billion in total assets under management.
IN INVESTING, KNOWLEDGE IS POWER. At our core, we are a people business. We believe that EnCap Flatrock brings together the best and brightest in the midstream industry. We forge strong partnerships with seasoned and talented management teams, providing the capital, expertise and operational support required to maximize their potential to achieve superior results and top-tier returns for our investors. The principals and investment professionals at EnCap Flatrock have more than 200 years of collective experience in the energy industry, covering every technical, commercial, operational and managerial aspect of the upstream and midstream sides of the business. We utilize this specialized knowledge every day to uncover opportunities, perform due diligence and fuel the growth of our portfolio companies. We manage our portfolio with rigor, applying a patient and thoughtful philosophy that balances capital preservation and value creation and adheres to the risk management principles that have guided our founders for decades. Central to our success are management expertise in midstream, broad financial and investment experience and a vast network of industry contacts.
WE OPERATE FROM A POSITION OF STRENGTH. Since 1998, EnCap Investments has managed more than $11 billion in capital commitments and 15 oil and gas investment funds. By combining this legacy with the experience and expertise of the Flatrock team, we have created an unmatched, value-added combination. With the ability to rapidly access capital, we are well positioned to take advantage of new midstream opportunities as they present themselves. This financial strength combined with our operational skill sets gives EnCap Flatrock Midstream the capabilities required to move a business plan forward and transform concept to reality in a short time.

