The EnCap Flatrock Midstream management team is led by Dennis Jaggi, Bill Waldrip and Billy Lemmons, who have worked together for the majority of the past 30 years in the midstream sector of the oil and gas industry. With more than a century of combined midstream experience, they have been directly involved in approximately $17 billion in midstream transactions and investments. In their previous advisory practice, Flatrock Energy Advisors, they were widely regarded as leading experts in the North American midstream market and provided evaluation, due diligence and transaction advisory services, as well as asset enhancement services on expansion, efficiency and supply matters to more than 125 midstream entities, both public and private. Flatrock was engaged in nearly all of the key producing areas in North America. These engagements included more than 35 successful acquisition and greenfield development closings totaling more than $2 billion. Both Mr. Jaggi and Mr. Waldrip have served as chief operating officers and as division heads of large midstream companies with full operations, profit and loss, and capital investment responsibilities. Mr. Lemmons has significant experience originating, structuring, negotiating and overseeing energy investments.
A Deep Bench.
In addition to our three highly experienced principals, our deep bench of investment and technical professionals will contribute to the firm’s growth and prosperity for years to come. Our entire team includes eight engineers and applies many years of directly applicable midstream and energy finance experience as well as a large base of industry contacts to our value creation efforts.
EnCap Investments L.P.
Our founding partnership with EnCap Investments L.P. brings the nation’s leading provider of venture capital to the independent oil and gas industry to EnCap Flatrock Midstream. Since its inception in 1988, EnCap Investments has provided growth capital to more than 240 companies. The firm has established 20 oil and gas investment funds with aggregate capital commitments of approximately $33 billion and currently manages capital on behalf of approximately 250 prestigious U.S. and international institutions. EnCap is controlled and managed by David Miller, Gary Petersen, Marty Phillips and Bob Zorich, who collectively have more than 130 years of oil and gas investment experience and have worked together for more than 30 years.
The EnCap Flatrock combination bring our investors and portfolio companies a unique and powerful set of skills: deep industry expertise, significant senior management and operational experience, outstanding technical skills, broad industry recognition and contacts along with financial sophistication and a formidable track record of successful investing.