EnCap Flatrock Midstream has made an initial capital commitment of $500 million to a newly formed midstream company Tatanka Midstream.
Tatanka is an independent energy company focused on acquiring and building midstream assets in North America. The company's goal is to create value by improving the operations, maintenance and overall efficiency of acquired businesses and building highly competitive new assets that serve the continually growing and changing needs of the North American energy market.
It is led by three founders, CEO Keith Casey, president and chief investment officer Nate Weeks and chief financial officer Carlos Mata. The founders have more than 75 years of collective experience in the midstream and downstream energy sectors.
CEO Keith Casey says: 'We are excited to partner with EnCap Flatrock to create a company that provides innovative midstream solutions that are safe and environmentally responsible, forge optimal and efficient pathways to market, and create exceptional value for all stakeholders.
'EnCap Flatrock thinks about midstream and the midstream opportunity set the same way we do, the firm's values are aligned with ours, and the EnCap Flatrock team brings a wealth of contacts and technical and commercial expertise that complement our own. We think it's a powerful pairing.'
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