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 global storage hub networkOil price 'collapse' brings 2018 to a close A different energy system The economics of IMO 2020 Are energy companies prepared for a demand driven petrochemical market IFLEXX: standardised data communication in the downstream oil and gas sector Growing to meet Ghana's midstream needs Bridging Africa's infrastructure gap The storage outlook Safety at the touch of a button