EnCap Flatrock Midstream has committed $400 million to Lotus Midstream, a new crude oil infrastructure development company.
The company, established in early 2018, is focused on the organic development of midstream infrastructure and services to transport crude oil and condensate from the wellhead to market, including crude gathering, transportation and storage.
Led by Mike Prince, CEO, Emily Baker, chief commercial officer and Jen Fontenot, chief operating officer, the company is also pursuing strategic acquisition opportunities.
Prince says: ‘We look forward to building Lotus Midstream with a focus on high growth areas in the Permian Basin and the Midcontinent, where we see multiple opportunities and have an established track record, a thorough knowledge base and strong relationships.’
A new player in the European marketInvesting in signficant potential on the Thames M&A activity surges on new found confidence Storage terminal investors: a decade of change Oil breakout in 2017 to gain momentum in 2018 IPTF terminal: defying the odds in the Middle East Alternative gateway to Europe Europe: a flexible storage market The storage outlook Overfill protection: A review of API 2350 4th & 5th edition