Stakeholder Midstream LLC has formed with an initial equity commitment of $250 million from EnCap Flatrock Midstream.
Based in San Antonio, Texas, Stakeholder serves oil and gas producers operating in unconventional shale plays across North America by providing midstream solutions, including in-field natural gas gathering, compression, treating and processing services; innovative NGL solutions; and crude oil gathering, transportation and storage. The company will build on the management team’s experience in the Eagle Ford shale play and other major basins throughout North America.
Stakeholder is led by founding principals CEO Robert F. Liddell and COO Gaylon E. Gray. Liddell and Gray worked together at TexStar Midstream Services LP (now Southcross Energy Partners LP, NYSE: SXE). During their tenure at TexStar, Liddell and Gray secured dedications totaling more than 375,000 acres. They negotiated over $1 billion of guaranteed revenues to support their deployment of over $1.4 billion of capital across South Texas, where they developed greenfield projects to support TexStar’s growth in the Eagle Ford shale play. Liddell and Gray helped grow TexStar from four to more than 100 employees prior to its merger with Southcross.