Evolution Midstream secures $300M equity commitment from Encap Flatrock Midstream

Evolution Midstream LLC has secured an initial commitment of $300 million from private equity firm EnCap Flatrock Midstream and the Evolution management team.

Launched in July 2015 and headquartered in Denver, Evolution offers a full suite of integrated midstream solutions to oil and gas producers operating across North America. The company currently is focused on greenfield and strategic acquisition opportunities in the Rockies, Bakken Shale, Permian Basin, Mid-Continent and Appalachia. Services include natural gas gathering, processing, treating and compression; crude oil gathering, transportation and marketing; freshwater delivery and produced water disposal; and ancillary services including land acquisition and right-of-way negotiation, environmental and transportation services, and terminal startup, operation and management.

John A. Raber serves as Evolution’s chairman and CEO. Raber has more than 39 years of energy industry experience. In 2000, Raber co-founded ScissorTail Energy LLC and served as its president and COO until 2005, when Copano Energy LLC purchased ScissorTail for $500 million. Following the sale, Raber served as executive vice president of Copano until 2010. Prior to leading the formation of Evolution Midstream, he led Raber Consulting, a midstream consulting service with customers including Kinder Morgan, Copano and Rice Energy Inc.

Evolution’s other founding members are vice president of corporate development Jeff Oliver, vice president of engineering Chuck Burris, vice president and general counsel Raj Basi, vice president of business development Tyler Shaw and vice president of marketing Shannon Swanson.

Evolution Midstream was advised by Buchanan Ingersoll & Rooney PC. Thompson & Knight LLP represented EnCap Flatrock Midstream.

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