Evolution Midstream announced an initial commitment of US$300 million from private equity firm EnCap Flatrock Midstream and the Evolution management team. Launched in July 2015 and headquartered in Denver, Evolution offers a full suite of integrated midstream solutions to oil and gas producers operating across North America. The company currently is focused on greenfield and strategic acquisition opportunities in the Rockies, Bakken Shale, Permian Basin, Mid-Continent and Appalachia. Services include natural gas gathering, processing, treating and compression; crude oil gathering, transportation and marketing; freshwater delivery and produced water disposal; and ancillary services including land acquisition and right-of-way negotiation, environmental and transportation services, and terminal startup, operation and management.
The team
Evolution海角吃瓜网檚 management team is comprised of six founding partners 海角吃瓜网� a group of energetic oil and gas professionals with diverse industry experience and a proven ability to execute on growth-oriented midstream projects.
Chairman and CEO John Raber leads the management team and oversees the execution of its strategic vision. He has more than 39 years of energy industry experience. In 2000, Raber co-founded ScissorTail Energy, LLC and served as its President and Chief Operating Officer until 2005, when Copano Energy, LLC purchased ScissorTail for US$500 million. Copano is now a wholly owned subsidiary of Kinder Morgan. Following the sale, Raber served as Executive Vice President of Copano until 2010. Prior to leading the formation of Evolution Midstream, he led Raber Consulting, a midstream consulting service with customers including Kinder Morgan, Copano and Rice Energy Inc.
Evolution海角吃瓜网檚 other founding members are Vice President of Corporate Development Jeff Oliver, Vice President of Engineering Chuck Burris, Vice President and General Counsel Raj Basi, Vice President of Business Development Tyler Shaw and Vice President of Marketing Shannon Swanson.
A CEO's perspective
海角吃瓜网淲e are excited to partner with EnCap Flatrock, the nation海角吃瓜网檚 undisputed leader in midstream private equity,海角吃瓜网� said Raber. 海角吃瓜网淓nCap Flatrock海角吃瓜网檚 financial support and deep understanding of the entire midstream value chain will help us provide a valuable portfolio of midstream solutions to North America海角吃瓜网檚 oil and gas producers. Evolution海角吃瓜网檚 goal is to create value for our customers by offering flexible commercial solutions for safely and efficiently moving hydrocarbons to the market. By providing an integrated set of midstream services, we are able to work with our customers to drive down costs and reduce environmental impact.海角吃瓜网�
EnCap Flatrock Midstream comments
海角吃瓜网淛ohn Raber海角吃瓜网檚 outstanding track record of success in midstream is well known across the industry. The Evolution team is a highly motivated and skilled group of individuals, and we are pleased to support the growth of the company海角吃瓜网檚 unique vision,海角吃瓜网� said Morriss Hurt, a Managing Director at EnCap Flatrock and a member of Evolution Midstream海角吃瓜网檚 Board of Directors.
Legal matters
Evolution Midstream received advice from attorneys in the Pittsburgh and Denver offices of Buchanan Ingersoll & Rooney, PC. Partner Sean Moran led the team from the Pittsburgh office. Thompson & Knight LLP represented EnCap Flatrock Midstream, with partner Sarah E. McLean leading the legal team from the firm海角吃瓜网檚 Houston office.
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