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Lotus Midstream, LLC, a crude oil logistics provider, announced today it has secured an initial capital commitment of $400 million from EnCap Flatrock Midstream and the Lotus management team. The company is focused on the organic development of midstream infrastructure and services necessary to transport crude oil and condensate from the wellhead to market, including crude gathering, transportation and storage. Lotus also is pursuing strategic acquisition opportunities.
Cardinal Midstream III, LLC (“Cardinal III”) announced today that it is developing the Iron Horse System, a new natural gas gathering and processing system designed to serve producers working in Oklahoma’s SCOOP/STACK/Merge play. Located in Oklahoma’s Anadarko Basin, the liquids-rich play targets multiple benches within the Woodford and Mississippian pay zones, with upside from additional horizons.

EnCap Flatrock Midstream Closes $3.25 Billion Fund
January 18, 2018 | EnCap Flatrock Midstream

EnCap Flatrock Midstream (“EnCap Flatrock”) today announced the final closing of EnCap Flatrock Midstream Fund IV, L.P., ("EFM IV"). The substantially oversubscribed fund exceeded its $3 billion target and reached its $3.25 billion hard cap within six months. EnCap Flatrock Midstream provides value-added growth capital to management teams in the midstream sector of the North American energy industry. EnCap Flatrock’s prior fund, EnCap Flatrock Midstream Fund III, L.P., closed at $3 billion in May 2014.

EnCap Flatrock Midstream Promotes Sam Pitts to Partner
January 16, 2018 | EnCap Flatrock Midstream

EnCap Flatrock Midstream (“EnCap Flatrock”) today announced the promotion of Sam Pitts to partner. Mr. Pitts, who anchors the firm’s Houston office, joined EnCap Flatrock Midstream as managing director in 2014. He serves on the board of directors of several EnCap Flatrock portfolio companies including Aspen Midstream, LLC; Greenfield Midstream, LLC; Moda Midstream, LLC; Nuevo Midstream Dos, LLC; and Tradition Midstream, LLC.
Lucid Energy Group (“Lucid”) and its financial sponsor, EnCap Flatrock Midstream, announced today they have entered into a definitive agreement to sell Lucid Energy Group II, LLC (“Lucid II”) to a joint venture controlled by Riverstone Global Energy and Power Fund VI, L.P., an investment fund managed by Riverstone Holdings LLC (“Riverstone”), and investment funds managed by the Merchant Banking Division of The Goldman Sachs Group Inc. (“Goldman Sachs MBD”) for approximately $1.6 billion in cash. 
Rangeland Energy (“Rangeland”) today announced that the company and its financial sponsor EnCap Flatrock Midstream have entered into a definitive agreement to sell Rangeland Energy II, LLC (“Rangeland II”) to Tesoro Refining & Marketing Company LLC, a wholly owned subsidiary of Andeavor (NYSE: ANDV) for an undisclosed amount.
Noble Midstream Partners LP (NYSE: NBLX) (“Noble Midstream” or the “Partnership”) and Greenfield Midstream, LLC announced today the formation of a joint venture, Black Diamond Gathering, LLC (“JV” or “Black Diamond”).
Tall Oak Midstream III, LLC announced today that the company will construct a natural gas gathering system in southeast Oklahoma’s East STACK play. Producers working in the East STACK are developing multiple stacked pay zones, including the Woodford, Caney and Mayes formations. The system will span Hughes County and portions of Seminole, Pontotoc, Coal, Pittsburg, Atoka and McIntosh counties.
 Stakeholder Midstream, LLC announced today it will build a new natural gas gathering system in the Permian Basin to serve producers working in the Horizontal San Andres. This comprehensive gas gathering solution includes low-pressure gathering, liquids handling, sour gas treating, cryogenic processing and nitrogen rejection capabilities. In conjunction with its new natural gas system, Stakeholder also will significantly expand its existing San Andres Crude Gathering System. These new assets are supported by long-term contracts and dedications of more than 100,000 acres from Horizontal San Andres producers.
Tall Oak Midstream, LLC (“Tall Oak” or “the Company”) today announced that its founders have formed Tall Oak Midstream III, LLC (“Tall Oak III”) with an initial equity commitment of up to $200 million from private equity firm EnCap Flatrock Midstream (“EnCap Flatrock”) and Tall Oak management.
Greenfield Midstream, LLC (“Greenfield”) today announced it has secured an initial $300 million equity commitment from EnCap Flatrock Midstream. Headquartered in Houston and established in 2017, Greenfield Midstream is a privately held energy company focused on the organic development of midstream infrastructure across North America
Evolution Midstream, LLC (“Evolution”) announced today that the company has closed on acquisition of the Rowdy Gas Gathering System (“Rowdy System”) (view system map). The Rowdy System is strategically located in the heart of Wyoming’s Powder River Basin and serves oil and gas producers in Campbell, Converse and Johnson counties.
Evolution Midstream, LLC (“Evolution”) announced today that the company has entered into a binding agreement to purchase the Rowdy Gas Gathering System from Lucid Energy Group (“Lucid”). The Rowdy system is located in Wyoming’s Powder River Basin and serves oil and gas producers in Campbell, Converse and Johnson counties. The Rowdy system is comprised of approximately 1,000 miles of gas gathering lines and 43,700 horsepower of compression. The transaction is expected to close by July 1, 2017.
Cardinal Midstream (“Cardinal”) today announced the formation of Cardinal Midstream III, LLC (“Cardinal III”). Cardinal III is backed by a $250 million equity commitment from EnCap Flatrock Midstream (“EnCap Flatrock”) to support the continued growth and development of Cardinal’s core business. Cardinal III will pursue midstream acquisitions and development opportunities in both conventional and unconventional resource plays across North America.
Midstream provider Lucid Energy Group (“Lucid”) announced today the startup of the Red Hills II cryogenic natural gas processing plant in Lea County, New Mexico. With the expansion, the Red Hills Natural Gas Processing Complex has the capacity to process 310 million cubic feet per day (MMcf/d), which brings the total processing capacity of Lucid’s South Carlsbad Gas Gathering and Processing System (“South Carlsbad System”) in Lea and Eddy counties to 345 MMcf/d, tripling processing capacity since Lucid's September 1, 2016, acquisition of Agave Energy Company. 
Aspen Midstream, LLC (“Aspen Midstream”) today announced the company has secured an initial commitment of $200 million from private equity firm EnCap Flatrock Midstream (“EnCap Flatrock”) and the Aspen Midstream management team. Launched in May 2017 and headquartered in Dallas, Aspen Midstream offers a full suite of integrated midstream solutions to oil and gas producers operating across North America.
Tall Oak Midstream II, LLC (“Tall Oak”) announced today that the company is executing an aggressive growth plan to meet producer’s natural gas and crude gathering needs in Oklahoma’s Northwest STACK play. The buildout of Tall Oak’s Midcon System will span seven counties in northwest Oklahoma: Alfalfa, Woods, Major, Woodward, Dewey, Custer and Garfield. Acreage dedications to Tall Oak in the multicounty region have reached approximately 500,000 net acres and are expected to grow.
EagleClaw Midstream Ventures, LLC (“EagleClaw”) and its financial sponsor, EnCap Flatrock Midstream, announced today that they have entered into a binding agreement to sell the company to funds managed by Blackstone Energy Partners  and Blackstone Capital Partners for approximately $2 billion. Blackstone Energy Partners is the energy-focused private equity business of Blackstone (NYSE: BX).
Stakeholder Midstream, LLC, (“Stakeholder”) announced today that the company has completed the purchase of the Lovington Gas Gathering System from Lucid Energy Group (“Lucid”) effective April 1, 2017. The system is located in the Northwest Shelf of the Permian Basin in southeast New Mexico and serves oil and gas producers in Lea and Chaves counties. The Lovington system is comprised of approximately 295 miles of gas gathering lines, 7,400 horsepower of compression and a 35,000 Mcfd refrigeration plant.
Midstream provider Lucid Energy Group (“Lucid”) announced today that the company has completed the refinancing and expansion of its two senior revolving credit facilities. The additional financing will be used to support Lucid’s growth strategies in the Midland and Delaware basins.

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