Cardinal Midstream to Pursue ‘Hybrid Strategy’ with $300 Million EnCap Flatrock Commitment

Led by industry veteran Doug Dormer, Cardinal Midstream Partners is focused on natural gas gathering and processing and congruent carbon capture and sequestration acquisition and development opportunities across North America.

Hart Energy Staff

A team of industry veterans launched on April 21 a new independent midstream company with $300 million in funding from EnCap Flatrock Midstream aimed at aggressively pursuing a “hybrid strategy” focused on natural gas and carbon capture.

“We believe that clean burning natural gas will continue to play an important role in the energy mix, driving global demand, upstream production and accompanying midstream infrastructure,” Doug Dormer, CEO of Dallas-based Cardinal Midstream Partners, commented in a company release.

Founded in 2022, Cardinal is focused on the pursuit of midstream acquisition and development opportunities across North America, specifically natural gas gathering and processing and congruent carbon capture and sequestration.

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