The private investment firms Pearl Energy Investments and Natural Gas Partners made a $100 million initial equity commitment to the new Dallas-based midstream company Mettle Midstream Partners LLC to help the company develop midstream infrastructure in unconventional shale plays across North America.
Mettle Midstream, which was established in 2018, is focused on midstream services such as natural gas gathering, processing, compression and treating, as well as crude oil and condensate gathering and stabilization, according to a March 5 news release.
The company was founded by CEO Matthew Innamorati, who was formerly the CFO of Align Midstream Partners LP, and President and Chief Commercial Officer Drew Bredthauer, who previously worked at EnLink Midstream Partners LP in various leadership roles.
"Our management team has a history of developing safe, timely and cost-effective midstream solutions that drive value for our producer customers. We are confident in our ability to leverage our management team's expertise and relationships to build a successful midstream company that provides exceptional service to our customers," Innamorati said in the release. Bredthauer added that their relationships across the oil and gas industry are Mettle Midstream's "greatest asset."
