Greenfield Midstream Announces $300 Million Equity Commitment from EnCap Flatrock Midstream

HOUSTON–(BUSINESS WIRE)–#midstream—Greenfield
Midstream, LLC (“Greenfield”) today announced it has secured an
initial $300 million equity commitment from EnCap
Flatrock Midstream. Headquartered in Houston and established in
2017, Greenfield Midstream is a privately held energy company focused on
the organic development of midstream infrastructure across North
America. Services include natural gas gathering, processing, treating
and compression; crude oil gathering and transportation; water handling;
and product marketing. Greenfield is pursuing select acquisition
opportunities.

The management team includes co-founders CEO Jeremy Ham, COO Patrick
Brierley, Vice President of Business Development Chris Coxon and Vice
President of Finance Henry Coulter. The Greenfield team brings strong
industry experience from companies such as DCP Midstream, LP (NYSE:
DCP), Enterprise Products Partners L.P. (NYSE: EPD), Noble Midstream
Partners LP (NYSE: NBLX), Marlin Midstream Partners, LP (now Azure
Midstream Partners, LP) and Azure Midstream Energy, LLC and an
impressive track record of value creation in every major oil and gas
basin in the nation.

CEO Perspective

“Our goal is to develop midstream assets that are tailored to fit
producer needs and maximize stakeholder value,” Greenfield CEO Jeremy
Ham said. “EnCap Flatrock brings the capital we need to move rapidly,
strong financial acumen and a deep understanding of the development and
operation of midstream assets. Because the firm has such a strong
reputation and track record in our space, EnCap Flatrock was our first
and only stop for a financial partner.”

From EnCap Flatrock Midstream

“We are thrilled to partner with Greenfield Midstream,” said EnCap
Flatrock Midstream Partner Dennis McCanless, a member of the Greenfield
board of directors. “We have the utmost confidence in the Greenfield
management team. They have earned the trust and respect of many of the
nation’s leading producers and have outstanding technical and
operational skills. We look forward to working alongside them to grow
the business.”

Advisers

Greenfield Midstream was advised by Vinson & Elkins LLP. The team was
led by partner Matthew Strock from the firm’s Houston office. Thompson &
Knight LLP represented EnCap Flatrock Midstream with partner Sarah E.
McLean leading the legal team from the firm’s Houston office.

About Greenfield Midstream, LLC

Greenfield Midstream is an independent energy company formed in 2017 and
focused on the organic development of midstream assets across North
America. The company is also pursuing select acquisition opportunities.
Services include natural gas gathering, processing, treating and
compression; crude oil gathering and transportation; water handling; and
product marketing.

Based in Houston, Greenfield is led by a seasoned management team with
strong technical and operational skills, a history of delivering
projects on time and on budget and a proven track record of value
creation for its stakeholders. The team has experience in every major
basin in the nation — experience that has earned the trust and respect
of the producer community. For more information please visit www.greenfieldmidstream.com.

About EnCap Flatrock Midstream

EnCap Flatrock Midstream provides value-added private equity 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. Based in San Antonio
with offices in Oklahoma City and Houston, EnCap Flatrock manages
investment commitments of nearly $6 billion from a broad group of
institutional investors. EnCap Flatrock is currently making commitments
to new management teams from EFM Fund III, a $3 billion fund. Visit www.efmidstream.com
for more information.

Contacts

TEN|10
Group
Casey Nikoloric
303.433.4397, x101 o
303.507.0510
m
[email protected]