History

Caiman is a results-driven organization with the capital available to take decisive action and execute with speed and precision. Our track record of success in the Marcellus Shale demonstrates our commitment to excellence. Click here for a map of the franchise position we established in the Utica Shale.

Timeline Of Major Events

December 2012 Caiman Energy II announces formation of Blue Racer Midstream, LLC to develop midstream assets in the Utica Shale.
July 2012 Caiman secures $800 million in equity commitments.
March 19, 2012 Caiman Eastern Midstream sold to Williams Partners (NYSE:WPZ) for $2.5 billion. Sale is completed on April 27, 2012. Caiman and Williams announce plans for Williams to provide equity to support Caiman's Utica Shale opportunity.
March 2012

Fractionation I facility at Moundsville completed: 12,500 Bbls/d.

  • Frac II: 30,000 Bbls/d (October 2012)
  • Frac III: 30,000 Bbls/d (October 2013)

Caiman has a well-established franchise position in the rich gas area of the Marcellus. Map here.

  • 236,000 dedicated acres
  • Residue takeaway capacity via TETCO
  • Ft. Beeler NGL processing & de-ethanization complex (320 MMcf/d by Q3, 2012)
  • Moundsville fractionation (12,500 Bbls/d of C3+ by Q4 2013)
  • Taylor NGL processing & de-ethanization complex (420 MMcf/d by year-end , 2013 & 15 Bbls/d by early 2014)
  • > 200 miles of gathering lines and >50 miles of condensate gathering lines by year end 2013
  • > 50 miles of ethane lines by year end 2013
February 2012

Ft. Beeler II cryo online: 210 MMcf/d, bringing total processing capacity to 320 MMcf/d and 550 MMcf/d by Q3, 2012.

  • Ft. Beeler III: 210 MMcf/d (August 2012)
July 2011 Highstar Capital commits to provide up to $300 million of preferred funding. This commitment makes a total of more than $1 billion available to Caiman for investment in midstream infrastructure in the Marcellus shale.
April 2011 Ft. Beeler I, Caiman's first cryogenic processing plant, comes into service at Ft. Beeler in Marshall County, West Virginia: 120 MMcf/d.
March 2011 Caiman secures an additional $200 million revolving credit facility led by Bank of America, N.A. and Wells Fargo Securities, LLC.
July 2010 Caiman secures an additional $300 million equity commitment from EnCap Flatrock Midstream and its affiliates.
March 19, 2010 First well connected to the Ft. Beeler gathering system in West Virginia.
September - November 2009 Execution of first commercial contracts and acreage dedications in the Marcellus Shale.
February 2009 EnCap Flatrock Midstream, EnCap Investments L.P. and affiliates commit $50 million to Caiman Energy.