Clearfork Midstream To Acquire Azure Midstream Energy, Secures Initial Capital Commitment From Encap Flatrock Midstream
Clearfork Midstream To Acquire Azure Midstream Energy, Secures Initial Capital Commitment From Encap Flatrock Midstream
01/18/22, 2:17 PM
Industry
natural resources
energy
financial services
Clearfork Midstream LLC (“Clearfork”) today announced it has secured a capital commitment from EnCap Flatrock Midstream (“EFM”) and has entered into a definitive agreement to purchase Azure Midstream Energy, LLC (“Azure Midstream”). The transaction is subject to standard regulatory approvals and is expected to close during the first quarter of 2022. Based in Fort Worth, Clearfork is a growth-oriented midstream company that was formed in 2020 to provide comprehensive midstream solutions for oil and gas producers in basins across North America, with a specific emphasis on unconventional natural gas production in the Haynesville/Bossier Shale formation in North Louisiana and East Texas.
Company Info
Company info
Formed in 2020 and based in Fort Worth, Clearfork is a growth-oriented midstream company that provides midstream solutions for oil and gas producers in basins across North America. The company’s vision is to build long-term, mutually beneficial relationships with producers by offering reliable midstream services and a collaborative approach that maximizes the value of production. Services include natural gas gathering, processing, treating, dehydration and compression; natural gas liquids stabilization, handling, fractionation, storage and transportation; crude oil gathering, storage and transportation; and produced water handling and disposal. Clearfork is backed by a $400 million equity commitment from EnCap Flatrock Midstream. For more information, please visit www.clearforkmidstream.com.