Thompson & Knight Aids EnCap's $100M Midstream Stake Deal

Law360, New York (January 8, 2013, 3:40 PM EST) -- Texas-based energy private equity firm EnCap Flatrock Midstream LLC has acquired a majority stake in energy developer Tradition Midstream LLC for $100 million in equity, Tradition announced Tuesday.

The deal, which closed on Dec. 28, makes Tradition the newest portfolio company of EnCap Flatrock. The equity commitment will go toward Tradition's long-term strategy of acquiring and developing U.S. midstream shale assets, particularly in Texas, Oklahoma and Louisiana.

The energy company is currently focused on emerging plays in the Eagle Ford, Eaglebine, Mississippi Lime and Tuscaloosa Marine...
To view the full article, register now.