Stakeholder Midstream LLC was formed through an initial $250 million equity commitment from EnCap Flatrock Midstream, the company said July 7.
Stakeholder provides natural gas gathering, compression, treating and processing services in North American unconventional shale plays, including the Eagle Ford. It also provides NGL solutions and crude oil gathering, transportation and storage.
Stakeholder is led by founding principals Robert F. Liddell and Gaylon E. Gray. Liddell is CEO, and Gray is COO. They worked together at Dallas-based Southcross Energy Partners LP, formerly TexStar Midstream Services LP.
“EnCap Flatrock Midstream is the nation’s leader in midstream private equity and brings a wealth of experience in the space. We are excited to partner with their team to build a growth-oriented and deeply engaged midstream company,” said Liddell.
“We think of ourselves as problem solvers who create value by developing midstream solution sets that deliver safe, reliable and cost-effective results. We have an experienced leadership team with a strong history of execution across the midstream value chain. Our goal is to build enduring relationships with all of our stakeholders based on hard work, trust, ethical behavior and equitable dealings.”
Stakeholder Midstream LLC is based in San Antonio.
CEO Robert F. Liddell, left, and COO Gaylon E. Gray Source: Stakeholder Midstream LLC
Recommended Reading
The OGInterview: How do Woodside's Growth Projects Fit into its Portfolio?
2024-04-01 - Woodside Energy CEO Meg O'Neill discusses the company's current growth projects across the globe and the impact they will have on the company's future with Hart Energy's Pietro Pitts.
Transocean Releases Fleet Status Report
2024-02-15 - Transocean’s total backlog for its fleet is approximately $9 billion.
E&P Highlights: April 8, 2024
2024-04-08 - Here’s a roundup of the latest E&P headlines, including new contract awards and a product launch.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Rystad: More Deepwater Wells to be Drilled in 2024
2024-02-29 - Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.