Meritage Midstream Services has been formed with equity commitments from EnCap Energy Infrastructure Fund and TPH Partners.
Meritage Midstream provides oil and gas producers with a full complement of midstream services.
Capabilities include the gathering, treating and handling of natural gas, crude oil, condensates and water, and carbon dioxide sequestration.
“Meritage Midstream is led by a seasoned team of midstream executives with proven track records of success and value creation,” says president Steve Huckaby. “Our partnership with EnCap and TPH creates a formidable company with the ability to respond quickly to rapidly developing resource plays.”
EEIF is a private equity fund managed by EnCap Energy Investments and Flatrock Energy Advisors. The companies are respectively headquartered in Houston and San Antonio, Texas.
TPH is the private equity arm of Tudor Pickering Holt, an energy investment and merchant banking firm also based in Houston, Texas.
The newly-formed Meritage Midstream Services is headquartered in Golden, Colorado.
“We are very excited about our partnership with Meritage,” says Bill Waldrip, president of Flatrock Energy Advisors. “By combining the expertise in midstream and private equity at Flatrock and EnCap with the strategic market capabilities at TPH and the experienced team at Meritage, we have formed one of the best combinations in the midstream business. We see significant long-term growth potential and look forward to working with Meritage to grow the business through their extensive industry contacts.”
