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.’
Storage for Mexico's new energy eraVenezuela's oil sector in tailspin A midstream first for Oman Redrawing the global oil & gas picture Regulatory update for US tank terminal operators A new leading European port Adaptable logistics for a changing market Boom time for storage in America Surviving hurricane season: preparation is key Storm preparation: flood risk and buoyancy hazards