Tailwater Capital LLC, an energy-focused private equity firm based in Dallas, has made an initial equity commitment of $100 million to Producers Midstream LP, a newly-formed portfolio company that will provide creative midstream infrastructure solutions to upstream operators across various basins. Producers Midstream has a broad geographic scope, but will initially focus on greenfield and strategic acquisition opportunities in Texas, Oklahoma, and New Mexico.
Producers Midstream is led by CEO, Jim Bryant. Bryant has more than 50 years of experience in the oil and gas business, specifically in the engineering, development and management of midstream facilities. He was a co-founder of several midstream companies including Endevco Inc., Regency Gas Services LLC and Cardinal Midstream LLC.
Tailwater Capital was advised by Locke Lord LLP on this transaction and Producers Midstream LP was advised by Mack Matheson & Marchesoni PLLC and Stephens Inc.