Private capital has been crucial to the sector’s growth and its role continues to expand.
Bill Waldrip and Billy Lemmons, EnCap Flatrock Midstream
Tugs jockey the French-flagged, Very Large Crude Carrier Anne at the Moda Ingleside Energy Center at the mouth of the Corpus Christi Ship Channel. Private-equity-backed Moda Midstream LLC owns and operates the terminal, which can load such outsize tankers and has 2.1 million barrels of storage capacity, with an additional 10 million under construction. The export terminal is already one of the largest in the U.S. (Source: EnCap Flatrock Midstream)
Much has changed in the 11 years we at EnCap Flatrock Midstream have been investing on behalf of our limited partners, but today we are as optimistic about the future as ever. There is an expanding opportunity set for the private midstream-capital provider and the independent service provider.
We believe there will be a growing number of attractive acquisition and partnership opportunities. We see a strong need to move hydrocarbons from the wellhead to the water.