Private-equity firm Tailwater Capital LLC said Oct. 5 that it provided new portfolio company Producers Midstream LP with $100 million in initial equity.
Producers Midstream will support upstream operators in greenfield opportunities in Texas, Oklahoma, and New Mexico.
Producers Midstream is led by CEO Jim Bryant, who has more than 50 years’ experience in oil and gas, specifically in the engineering, development and management of midstream facilities. He co-founded Endevco Inc., Regency Gas Services LLC and Cardinal Midstream LLC.
Bryant has partnered with a veteran management team including CFO Hudson White; Matt Flory, vice president of of business development and commercial; James Hegar, vice president of engineering and operations; and Chad Choate, vice president of business development and commercial.
Collectively, the management team has more than 75 years of combined experience in the midstream sector through work at Energy Transfer Partners, Regency Energy Partners, PVR Partners, Valerus Field Solutions and other companies.
Locke Lord LLP advised Tailwater, and Mack Matheson & Marchesoni PLLC and Stephens Inc. advised Producers Midstream.
Producers Midstream LP is based in Dallas.
Recommended Reading
Moda Midstream II Receives Financial Commitment for Next Round of Development
2024-03-20 - Kingwood, Texas-based Moda Midstream II announced on March 20 that it received an equity commitment from EnCap Flatrock Midstream.
Mike Howard Joins Atlas Energy Solutions’ Board
2024-02-15 - Mike Howard brings more than 28 years of midstream energy experience to Atlas Energy Solutions’ board of directors.
OGInterview: Building EIV Capital’s Midstream Investment Strategy
2024-05-01 - Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.
Hess Midstream Increases Class A Distribution
2024-04-24 - Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.