Nuevo Midstream Dos, LLC was formed with a $400 million commitment from EnCap Flatrock Midstream. Nuevo's equity backer brings more than capital to Nuevo . EnCap Flatrock brings a wealth of experience, a proven track record and technical expertise in all phases of midstream operations.
EnCap Flatrock Midstream
Established in 2008 by Flatrock Energy Advisors, LLC, and EnCap Investments L.P., EnCap Flatrock Midstream has nearly $6 billion in midstream equity under management and dedicated to investment in the midstream sector of the energy industry.
The team at EnCap Flatrock offers a unique set of skills required to effectively meet the capital requirements of the midstream sector: deep industry expertise, significant operating experience, outstanding technical skills, industry recognition and contacts, financial sophistication and a demonstrated track record of successful private equity investing. The firm focuses on providing growth capital to proven midstream management teams in North America.
The EnCap Flatrock Midstream team is led by Dennis Jaggi, Billy Lemmons and Bill Waldrip, who have worked together for virtually all of the past 30 years in the midstream sector of the oil and gas industry. With more than a century of combined midstream experience and 125 prior advisory clients in the sector, they have been directly involved in approximately $7.5 billion of midstream transactions and investments. Mr. Jaggi and Mr. Waldrip were chief operating officers and division heads of large midstream companies with full operations, profit and loss and capital investment responsibilities. Mr. Lemmons has significant experience originating, structuring, negotiating and overseeing energy investments.
The entire team has an outstanding reputation in the producer community for its execution capabilities and devotion to service, which produces strong results for customers. We are excited to partner with them for a second time.”