EnCap Flatrock Midstream recently announced the promotions of Matthew R. Melton and Kyle Stelma, who both joined the San Antonio-based firm in 2017, to vice president.
The upsized commitment results in $525 million of total equity commitments from Kayne Anderson, which has backed Kraken Resources and its predecessor entities since its formation in 2012.
Today’s featured Forty Under 40 honoree is Tommy Waldrip, managing director of EnCap Flatrock Midstream who currently serves on the boards for Aspen, Candor, Evolution, Ironwood II and Tall Oak II and III.
Ursa Resources, backed by Denham Capital, holds about 41,000 net acres of oil and gas properties in the Piceance Basin.
Today’s featured Forty Under 40 honoree is Stephen Lipscomb Jr., principal at Tailwater Capital who currently serves as director of Cureton Midstream, Silver Creek Midstream, Copperbeck Midstream and Producers Midstream.
Private equity firm Global Infrastructure Partners raised $2.8 billion in its two credit funds that invest in infrastructure assets in the oil and gas, renewable energy, power and transport sectors.
Gas exploration and production company Energean said on Dec. 7 it was in exclusive talks to buy out its private equity shareholder Kerogen Capital.
In conjunction with the all-equity merger of the two companies majority controlled by EIG Global Energy Partners, FourPoint Energy became a subsidiary of Maverick Natural Resources and was renamed Unbridled Resources.
Double Eagle intends to use the net proceeds from the private placement of $650 million senior notes to fully repay both its term loan and amounts outstanding under its revolving credit facility.
Humble Midstream is a Denver-based independent energy company led by CEO Steve Huckaby, a 38-year industry veteran who most recently served as CEO of Meritage Midstream.