Aspen Midstream, LLC has secured an initial commitment of $200 million from private equity firm EnCap Flatrock Midstream and the Aspen Midstream management team. Launched in May 2017 and headquartered in Dallas, Aspen Midstream offers a full suite of integrated midstream solutions to oil and gas producers operating across North America. Services include natural gas gathering, processing, compression and treating; condensate stabilization and vapor recovery; crude oil gathering and terminaling; and produced-water gathering and disposal.
The Aspen Midstream management team is comprised of the following founding partners:
- CEO James Clarke, who has more than 19 years of energy industry experience and most recently served as vice president of business development at Energy Transfer Partners
- Chief Commercial Officer Stephen Reilly, who most recently served as senior director of business development at Energy Transfer Partners
- Chief Operating Officer Robert Underwood, who most recently served as director of engineering at Energy Transfer Partners
- Vice President of Business Development Matt Ray, who served as director of business development at Energy Transfer Partners
The four founders have been working together for more than eight years and, together, have vast experience working in areas across the country including the Eagle Ford Shale, Delaware Basin, Midland Basin, Midcontinent, Haynesville Shale and the Barnett Shale.
“We are excited to create a fast-paced entrepreneurial environment and leverage our experience, relationships and deep understanding of producer needs, said Aspen Midstream CEO James Clarke. “Our goal is to build on our established track record of creating value for our customers by offering flexible commercial solutions, one-stop shopping for an integrated set of midstream services and rapid execution that is reliable and safe and maximizes netbacks.”