Greenfield Midstream LLC announced on July 11 that it had secured an initial $300 million equity commitment from EnCap Flatrock Midstream.

Headquartered in Houston and established in 2017, Greenfield Midstream is a privately held energy company focused on the organic development of midstream infrastructure across North America. Services include natural gas gathering, processing, treating and compression; crude oil gathering and transportation; water handling; and product marketing. Greenfield is pursuing select acquisition opportunities.

“Our goal is to develop midstream assets that are tailored to fit producer needs and maximize stakeholder value,” Greenfield CEO Jeremy Ham said in a statement. “EnCap Flatrock brings the capital we need to move rapidly, strong financial acumen and a deep understanding of the development and operation of midstream assets. Because the firm has such a strong reputation and track record in our space, EnCap Flatrock was our first and only stop for a financial partner.”

"We are thrilled to partner with Greenfield Midstream,” said EnCap Flatrock Midstream Partner Dennis McCanless, a member of the Greenfield board of directors. “We have the utmost confidence in the Greenfield management team. They have earned the trust and respect of many of the nation’s leading producers and have outstanding technical and operational skills. We look forward to working alongside them to grow the business.”

Greenfield Midstream was advised by Vinson & Elkins LLP. The team was led by partner Matthew Strock from the firm’s Houston office. Thompson & Knight LLP represented EnCap Flatrock Midstream with partner Sarah E. McLean leading the legal team from the firm’s Houston office.