ASPEN MIDSTREAM FORMED WITH COMMITMENT FROM ENCAP FLATROCK
Dallas, TX-based Aspen Midstream LLC has secured an initial commitment of $200 million from EnCap Flatrock Midstream and the Aspen Midstream management team. Launched in May 2017, Aspen Midstream offers integrated midstream solutions to oil and gas producers operating across North America. Services include natural gas gathering, processing, compression and treating; condensate stabilization and vapor recovery; crude oil gathering and terminaling; and produced-water gathering and disposal.
CEO James Clarke leads the management team. He has more than 19 years of energy industry experience, most recently as vice president of business development at Energy Transfer Partners. Other founding members are chief commercial officer Stephen Reilly and COO Robert Underwood. Prior, Reilly served as senior director of business development at Energy Transfer Partners, where he worked alongside Underwood, who served as director of engineering.
Aspen Midstream was advised by Mack Matheson & Marchesoni PLLC. Thompson & Knight LLP represented EnCap Flatrock Midstream.