Advantage Midstream receives capital from Castlelake, partners with Greyrock Energy

Advantage Midstream LLC, a Dallas-based independent, midstream and gas-to-liquids focused oil and natural gas company, has reached an agreement with funds managed by Castlelake LP to serve as its primary equity sponsor. Castlelake LP is a global private investment firm managing private funds and debt vehicles with more than $10 billion in assets. In addition to the sponsorship of Castlelake funds, Advantage Midstream also announced it has partnered with Sacramento, California-based technology provider Greyrock Energy Inc. and its affiliates.

Advantage Midstream is currently focused on opportunities in the Permian Basin, Appalachia, Rockies, Bakken Shale, Mid-Continent and Gulf of Mexico, as well as other producing basins. The company offers a variety of services, including natural gas conversion, natural gas gathering, processing, treating and compression; crude oil and condensate gathering, transportation and marketing; freshwater delivery and produced water disposal; and other oil and gas midstream services. 

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