A newly formed midstream infrastructure solutions companyhas received an initial equity commitment of $100 million from energy-focusedprivate equity firm TailwaterCapital LLC.
Producers Midstream LP intends to provide services toupstream operators across various basins, but will initially focus ongreenfield and acquisition opportunities in Texas, Oklahoma and New Mexico,according to an Oct. 4 news release.
Producers Midstream is led by CEO Jim Bryant, who previouslyco-founded midstream companies such as EnDevCo Inc., Regency Gas Services LLC and . Otherexecutives of the new midstream company include Hudson White as CFO and JamesHegar as vice president of engineering and operations.
Tailwater Capital was advised by Locke Lord LLP whileProducers Midstream LP was advised by Mack Matheson & Marchesoni PLLC aswell as Stephens Inc. for the transaction.