EIV Capital completed its $40 million investment commitment to CAM Integrated Solutions, a new engineering, procurement and construction management company, which it formed, the private-equity firm said Feb. 10.
CAM will provide engineering services for E&Ps’ midstream tie-ins from the wellhead to main header and gathering systems. This will include well pad facilities, gathering systems, pipelines and compression and pump stations. CAM will design, develop and construct the midstream assets.
Craig Pierrotti, its CEO, and Mitch Stamper lead CAM. Prior to founding CAM, Pierrotti was executive vice president for CH2M’s oil, gas and chemicals, and Stamper was a facilities engineering manager for East Texas and North Louisiana at Anadarko Petroleum Corp. (APC).
EIV Capital LLC and CAM Integrated Solutions LLC are both based in Houston.
Recommended Reading
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
2024-04-09 - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.
Green Swan Seeks US Financing for Global Decarbonization Projects
2024-02-21 - Green Swan, an investment platform seeking to provide capital to countries signed on to the Paris Agreement, is courting U.S. investors to fund decarbonization projects in countries including Iran and Venezuela, its executives told Hart Energy.
Prairie Acquiror Announces Offering of $400MM Senior Notes
2024-02-21 - Prairie Acquiror intends to use the notes offering to refinance outstanding debt under its existing term loan credit facility.
Diamondback Announces Executive Leadership Promotions
2024-02-21 - Diamondback Energy’s leadership changes follow the company’s previously announced $26 billion merger with Endeavor Energy.
President: Financial Debt for Mexico's Pemex Totaled $106.8B End of 2023
2024-02-21 - President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex at a government press conference.