Getka Energy Announces $250 Million Capital Commitment from EnCap Flatrock Midstream

TULSA, Okla.–(BUSINESS WIRE)–Getka
Energy LLC (“Getka”), a crude oil logistics provider, announced
today that it has secured an initial equity commitment of $250 million
from EnCap
Flatrock Midstream and the Getka management team. Getka was formed
earlier this year to provide storage, blending and terminal solutions,
as well as pipeline transportation and market optionality for producers
across North America in addition to domestic and international marketers.

The company is focused on developing unique solutions that leverage
technology, market relationships and asset expertise to offer the reach
and optionality that customers value. Getka expects to focus its early
efforts on multiple basins and market hubs throughout the Midcontinent,
including the market center at Cushing, Oklahoma.

Getka is led by three founding partners, who have a long and successful
history of working together. The team includes Chief Executive Officer
Dariusz Cichocki, Chief Commercial Officer Clete Straub and Chief
Operating Officer Matthew Turner. Getka’s founding partners have more
than 50 years of combined energy industry experience and worked together
at Enbridge Energy Partners L.P., where they focused on the commercial
development of storage and pipeline systems.

From the CEO

“We believe there is a strong demand for a team that has a deep
understanding of the crude oil supply chain, knows where the challenges
and opportunities are and has the ability to execute reliably and
rapidly,” Getka CEO Dariusz Cichocki said. “We will be looking to put
our expertise to work to create value for customers by taking an
innovative, commercial approach to the market that pioneers new ways to
maximize assets and the way crude moves from the field to market
centers.”

“When we decided to form Getka Energy, EnCap Flatrock Midstream was our
preferred partner and the only equity provider we met with,” Mr.
Cichocki added. “The firm is the undeniable leader in the space, and we
are very pleased that the team at EnCap Flatrock shares our vision. We
look forward to applying our combined expertise to grow a very
successful business.”

From EnCap Flatrock Midstream

“EnCap Flatrock and the Getka team share a common approach to value
creation,” said EnCap Flatrock Managing Partner David J. Kurtz, a member
of the Getka board of directors. “Dariusz, Clete and Matt have
outstanding reputations and relationships across the crude value chain.
They bring everything we look for in a management team, including a
proven track record and a very well-defined strategic plan.”

Legal Advisers

Getka Energy was advised by managing partner Zac Lindsey of LINDSEYfirm
in Tulsa, Oklahoma. EnCap Flatrock was advised by Thompson & Knight LLP
with partner Sarah McLean leading the firm’s legal team.

About Getka Energy LLC

Based in Tulsa, Getka Energy provides storage, blending, truck-to-pipe
and pipeline transportation solutions to crude oil producers and
domestic and international marketers. The company is led by CEO Dariusz
Cichocki, CCO Clete Straub and COO Matthew Turner. For more information
please visit www.getkaenergy.com.

About EnCap Flatrock Midstream

EnCap Flatrock Midstream provides value-added growth capital to proven
management teams focused on midstream infrastructure opportunities
across North America. The firm was formed in 2008 by a partnership
between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based
in San Antonio with offices in Oklahoma City and Houston, the firm
manages investment commitments of nearly $9 billion from a broad group
of prestigious institutional investors. EnCap Flatrock Midstream is
currently making commitments to new management teams from EFM Fund IV, a
$3.25 billion fund. For more information please visit www.efmidstream.com.

Contacts

TEN|10 Group
Casey Nikoloric
303-433-4397, x101 o
303-507-0510
m
[email protected]