News

Moda Midstream and EnCap Flatrock Midstream Agree to Sell Moda Ingleside Energy Center and Other Assets to Enbridge for $3 Billion
September 7, 2021 | Moda Midstream

Liquids terminaling and logistics company Moda Midstream, LLC (“Moda”) and Moda’s financial sponsor EnCap Flatrock Midstream (“EFM”) today announced they have entered into a definitive agreement to sell the Moda Ingleside Energy Center (“MIEC”) and other Moda assets to Enbridge Inc. (NYSE, TSX: ENB) for an enterprise value, net of working capital and cash, of approximately $3 billion, subject to closing adjustments.

Centurion Pipeline L.P. Releases Inaugural Sustainability Report
August 18, 2021 | Centurion Pipeline, L.P.

Centurion Pipeline L.P. today announced the release of its inaugural sustainability report, which outlines the company’s focus on environmental, social and governance (ESG) initiatives.

Cardinal Midstream III wins Prestigious Safety Awards
April 21, 2021 | Cardinal Midstream III

Cardinal III/Iron Horse is the GPA Midstream Association's First Place Safety Award winner for 2020 (Division IV), and one of only 15 companies recognized with the association's 2020 Perfect Safety Record Award. GPA Midstream is the leading trade organization representing natural gas processors.

Energy Transfer and Centurion Pipeline to Provide Joint Tariff Crude Oil Service From Platteville and Cushing to Nederland
April 1, 2021 | Centurion Pipeline, L.P.

Energy Transfer LP (NYSE: ET) and Centurion Pipeline L.P. announced today that they will post a joint tariff for crude oil transportation service from ET’s terminals in Platteville, Colorado and Cushing, Oklahoma to ET’s Nederland, Texas terminal.

Centurion Pipeline L.P. Announces Augustus Pipeline Is in Service
January 26, 2021 | Centurion Pipeline, L.P.

Centurion Pipeline L.P. has announced that the Augustus Pipeline commenced service on schedule, December 1, 2020. The 20”/18” Augustus Pipeline provides true physical connectivity for WTI, WTL and WTSR from Midland, Texas, to Crane, Texas. The Augustus Pipeline originates from Centurion’s Midland Terminal, which has approximately 2 million barrels of storage capacity, and provides delivery to multiple long-haul pipelines at Crane.

EnCap Flatrock Midstream Announces the Promotions of Matthew Melton and Kyle Stelma to Vice President
January 5, 2021 | EnCap Flatrock Midstream

EnCap Flatrock Midstream (“EnCap Flatrock”) is pleased to announce the promotions of Matthew R. Melton and Kyle Stelma to vice president.

Stakeholder Midstream Acquires Santa Fe Midstream’s Gas Gathering and Processing Assets Located in Yoakum County, Texas
December 15, 2020 | Stakeholder Midstream

Stakeholder Midstream, LLC, announced it has acquired gas gathering and processing assets from Santa Fe Midstream, LLC. Located in Yoakum County, Texas, the assets include Santa Fe’s 30-30 Gas Treating and Processing Plant, low-pressure gas gathering pipelines, downstream residue and NGL lines, and a long-term acreage dedication from an established San Andres oil and gas producer. The Santa Fe System will complement Stakeholder’s existing Campo Viejo Processing Plant and gathering system currently serving San Andres producers on the Northwest Shelf of the Permian Basin. The acquisition brings the combined systems’ gas processing capacity to approximately 85 million cubic feet per day, total gathering pipeline mileage to approximately 450 miles and total acreage dedications to the combined gas systems to greater than 200,000 acres.

Humble Midstream Secures Initial $300 Million Capital Commitment from EnCap Flatrock Midstream
December 1, 2020 | Humble Midstream

Humble Midstream, LLC announced it has secured an initial capital commitment of $300 million from EnCap Flatrock Midstream. Based in Denver and formed in mid-2020, Humble Midstream is an independent energy company focused on acquiring and building midstream assets in conventional and unconventional plays across North America. Its goal is to create value by improving efficiencies and expanding the customer base of acquired businesses and/or building competitive new assets that serve the needs of the North American energy market.

Centurion Pipeline L.P. Announces a December 1, 2020 In-Service Date for Augustus Pipeline
October 6, 2020 | Centurion Pipeline, L.P.

Centurion Pipeline L.P. announced that the Augustus Pipeline is on schedule and expected to commence service on December 1, 2020.

Rangeland Midstream Canada Brings Marten Hills Pipeline System Into Service
July 7, 2020 | Rangeland Midstream Canada

SUGAR LAND, Texas, and CALGARY, Alberta – July 7, 2020 – Rangeland Midstream Canada, Ltd. (”Rangeland Canada”), a wholly owned subsidiary of Rangeland Energy III LLC, today announced that its Marten Hills Pipeline System is in service. The system consists of new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta.

Moda Midstream Announces Completion of Crude Oil Storage Expansion at its Texas Facilities
April 28, 2020 | Moda Midstream

Liquids terminaling and logistics provider Moda Midstream, LLC announced it has placed into service the final 495,000 barrel tank from its 10 million barrel crude oil expansions at the Moda Ingleside Energy Center (MIEC) in Ingleside, Texas and the Moda Taft Terminal in Taft, Texas. The completion of this storage expansion brings total storage capacity at MIEC and the Moda Taft Terminal to approximately 12 million barrels.

Tatanka Midstream Brings on Industry Veteran Christine Whelchel as Chief Operating Officer
April 14, 2020 | Tatanka Midstream

Tatanka Midstream, LLC announced Christine Whelchel has joined the company as a founder and its chief operating officer. In addition to oversight responsibility for the integration, efficiency and effectiveness of Tatanka’s future assets, Ms. Whelchel is a strategic partner in the development and execution of the company’s corporate and competitive strategy.

Edgewater Midstream Adds Strategic Horsepower with New CFO
March 26. 2020 | Edgewater Midstream

Edgewater Midstream, LLC announced David Anders has joined the company as its chief financial officer.

Industry Veterans Form Tatanka Midstream, Secure an Initial $500 Million Capital Commitment from EnCap Flatrock Midstream
March 2, 2020 | Tatanka Midstream

Tatanka Midstream, LLC announced the formation of the company and an initial capital commitment of $500 million from EnCap Flatrock Midstream. Tatanka is an independent energy company focused on acquiring and building midstream assets in North America. Tatanka’s goal is to create value by improving the operations, maintenance and overall efficiency of acquired businesses and building highly competitive new assets that serve the continually growing and changing needs of the North American energy market.

Noble Midstream and Greenfield Midstream Exercise Saddlehorn Option
February 4, 2020 | Noble Midstream Partners/Greenfield Midstream

Noble Midstream Partners LP and Greenfield Midstream LLC have exercised the option to acquire a 20% interest in the Saddlehorn Pipeline through its Black Diamond Gathering LLC (“Black Diamond”) joint venture.

EnCap Flatrock Midstream Promotes Three Executives
January 21, 2020 | EnCap Flatrock Midstream

EnCap Flatrock Midstream today announced the promotions of J. Zachary Kayem and Thomas J. Waldrip from vice president to managing director and Bradley J. Misialek from associate to vice president.

Lotus Midstream's Centurion Pipeline L.P. Announces Successful Open Season for Augustus Pipeline, Providing Service from Midland to Crane, Texas
January 21, 2020 | Centurion Pipeline, L.P.

Centurion Pipeline L.P. today announced the successful completion of its binding open season for the Augustus Pipeline. The Augustus Pipeline will connect Centurion’s existing Midland Terminal to multiple long-haul pipelines originating at Crane, Texas.

Edgewater Midstream Announces Initial Equity Commitment from EnCap Flatrock Midstream
January 7, 2020 | Edgewater Midstream

Edgewater Midstream, LLC announced it has secured an initial capital commitment of $400 million from EnCap Flatrock Midstream and the Edgewater management team. Edgewater was formed in late 2019 to provide independent midstream logistics solutions to refiners, producers and marketers of crude oil, refined products and other bulk liquids. The company will focus on the acquisition, development and operation of pipeline and terminal solutions between and in proximity to major North American petroleum trading hubs and demand centers.

Ironwood Midstream Energy Partners II, LLC Closes South Texas Asset Acquisition
December 10, 2019 | Ironwood Midstream Energy Partners II

Ironwood Midstream Energy Partners II announced it has closed on the previously announced acquisition of midstream assets located in South Texas.

Ironwood Midstream Energy Partners II, LLC Forms with $400 Million Equity Commitment from EnCap Flatrock Midstream
November 12, 2019 | Ironwood Midstream Energy Partners II

Ironwood Midstream Energy Partners announced the formation of Ironwood Midstream Energy Partners II, LLC. The company is supported by an initial capital commitment of $400 million from EnCap Flatrock Midstream and management. Ironwood II is an independent energy company focused on the development of midstream infrastructure for oil and gas producers working in shale plays across North America. Ironwood II is pursuing greenfield projects and acquisition opportunities, with a focus on opportunities in Texas.

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