Edgewater Midstream, a newly formed Houston company that provides independent midstream logistics solutions to refiners, producers and marketers of crude oil, refined products and other bulk liquids, has secured a $400 million commitment from EnCap Flatrock Midstream.
Formed in late 2019, Edgewater will focus on the acquisition, development and operation of pipeline and terminal solutions between major North American petroleum trading hubs and demand centers.
“Changing dynamics in the North American petroleum market present attractive opportunities for Edgewater,” said Stephen Smith, CEO of Edgewater. “When forming Edgewater, we recognized that societal, technological and policy trends are reshaping the arena in which traditional oil and gas midstream businesses operate. Our team embraces new technologies and environmentally sustainable practices.”
EnCap Flatrock managing partner Gregory King, who is also an Edgewater board member, said the commitment il
