EnCap Flatrock Midstream's three managing partners with Caiman's chairman Jack Lafield. L-R: Dennis Jaggi, Bill Waldrip, Jack Lafield, and Billy Lemmons.
About Williams Partners. WPZ is an energy infrastructure master limited partnership focused on connecting North America’s significant hydrocarbon resource plays to growing markets for natural gas, NGLs, and olefins through its gas pipeline and midstream businesses. It provides interstate natural gas transportation; natural gas gathering, processing and treating; NGL fractionation and transportation; crude oil production handling and transportation; olefin production; marketing services for NGL, oil and natural gas; as well as storage facilities, with operations located principally in the United States but spanning from the deep-water Gulf of Mexico to the Canadian oil sands
About EnCap Flatrock Midstream. Established in 2008 by Flatrock Energy Advisors, LLC, and EnCap Investments L.P., EnCap Flatrock Midstream is guided by a disciplined and persistent approach to value creation through the rigorous application of intellectual and financial capital. The firm manages the EnCap Flatrock Midstream Funds I, II, III, and IV, which together have approximately $9 billion in capital commitments from a broad range of prestigious institutional investors. The EnCap Flatrock partnership provides an unmatched combination of operating, technical and investing expertise that uniquely positions EnCap Flatrock Midstream to meet the capital needs of the midstream industry.
The team at EnCap Flatrock offers the array of skills required to effectively meet the capital requirements of the midstream sector: deep industry expertise, significant operating experience, outstanding technical skills, industry recognition, contacts, financial sophistication, and a demonstrated track record of successful private equity investing. The firm focuses on providing growth capital to proven midstream management teams in North America.
Pictured above with Caiman's Chairman, Jack Lafield, the EnCap Flatrock Midstream team is led by Dennis Jaggi, Billy Lemmons and Bill Waldrip, who have worked together for virtually all of the past 30 years in the midstream sector of the oil and gas industry. With more than a century of combined midstream experience, they have been directly involved in approximately $17 billion of midstream transactions and investments. In their previous advisory practice, Flatrock Energy Advisors, they were widely regarded as leading experts in the North American midstream market and provided evaluation, due diligence and transaction advisory services, as well as asset enhancement services on expansion, efficiency and supply matters to more than 125 midstream entities, both public and private. Flatrock was engaged in nearly all of the key producing areas in North America.
About Oaktree Capital. Highstar Capital is an independently owned and operated private equity firm with an operationally focused and value-added strategy. Based in New York, the firm was founded in 1998 and currently manages more than $7 billion on behalf of its managed funds and co-investment vehicles in a diversified portfolio of energy, transportation and environmental/waste management assets and businesses. In August 2014, the Highstar Capital team joined Oaktree Capital Management, L.P., a global investment management firm.
Highstar has significant experience investing in the midstream energy sector. Previous investments include: Southern Star Central, a 6,000-mile interstate natural gas pipeline in the Midwestern U.S. Stagecoach Holdings, a natural gas storage facility with 12 billion cubic feet of working gas capacity located near New York City. Lastly, the management buyout of Kinder Morgan, Inc., who owns the general partner of one of the largest master limited partnerships.