Clear Creek Midstream has received an initial venture capital commitment of $300 million from EnCap Flatrock Midstream.
Established in late 2018, Clear Creek is an independent energy company focused on the development of midstream infrastructure for oil and gas producers working in shale plays across North America. The company is pursuing organic, greenfield projects and select acquisition opportunities.
Clear Creek CEO Rick Van Eyk says: 'Our experience is a great fit with EnCap Flatrock's financial strength and approach to creating value in the midstream sector. The team at EnCap Flatrock understand that midstream is a service business. Success depends on strong producer relationships, an innovative approach to problem-solving and developing reliable, cost-effective solutions that ensure delivery to premium markets.'
A new deepwater midstream frontierRegulatory update for US tank terminal operators Capturing hidden storage opportunities Make room for the boom From short to long - the US oil revolution Optimising the US Gulf Coast energy potential Storage stability amid a mixed production picture in the Americas Storage for Europe's energy transition Storage for a growing product market Should the industry rethink storage tank fire protection