EnCap Flatrock Funnels $100M Into Texas Midstream Startup

Law360, New York (August 8, 2012, 1:57 PM EDT) -- Energy-focused private equity firm EnCap Flatrock Midstream has poured $100 million into EagleClaw Midstream Services LLC, a startup aiming to cash in on a fast-growing need for infrastructure amid an oil and gas exploration boom in West Texas, EagleClaw said Tuesday.

The funding infusion will allow EagleClaw, helmed by three industry veterans with extensive experience in the region, to get off the ground. The fledgling company will supply natural gas and crude oil producers working in the resource-rich Permian Basin with various midstream services, including oil...
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