Private-equity firm Tailwater Capital LLC said Oct. 5 that it provided new portfolio company Producers Midstream LP with $100 million in initial equity.
Producers Midstream will support upstream operators in greenfield opportunities in Texas, Oklahoma, and New Mexico.
Producers Midstream is led by CEO Jim Bryant, who has more than 50 years’ experience in oil and gas, specifically in the engineering, development and management of midstream facilities. He co-founded Endevco Inc., Regency Gas Services LLC and Cardinal Midstream LLC.
Bryant has partnered with a veteran management team including CFO Hudson White; Matt Flory, vice president of of business development and commercial; James Hegar, vice president of engineering and operations; and Chad Choate, vice president of business development and commercial.
Collectively, the management team has more than 75 years of combined experience in the midstream sector through work at Energy Transfer Partners, Regency Energy Partners, PVR Partners, Valerus Field Solutions and other companies.
Locke Lord LLP advised Tailwater, and Mack Matheson & Marchesoni PLLC and Stephens Inc. advised Producers Midstream.
Producers Midstream LP is based in Dallas.
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