Lotus Midstream racks up $400 mln [Reuters]
ENERGY TRANSFER PARTNERS LP (ETP)
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Source: Reuters
Lotus Midstream racks up $400 mln - PE Hub US Edition (daily) Canada Edition (weekly) I accept the Terms and Conditions Sugar Land, Texas-based Lotus Midstream , a crude oil logistics provider, has secured $400 million in funding. The investors were EnCap Flatrock Midstream and the Lotus management team. PRESS RELEASE SUGAR LAND, Texas–(Business Wire)–Lotus Midstream, LLC (“Lotus”), a crude oil logistics provider, announced today it has secured an initial capital commitment of $400 million from EnCap Flatrock Midstream (“EFM”) and the Lotus management team. The company is focused on the organic development of midstream infrastructure and services necessary to transport crude oil and condensate from the wellhead to market, including crude gathering, transportation and storage. Lotus also is pursuing strategic acquisition opportunities. Established in early 2018, Lotus Midstream is led by its three founding partners, who have a successful history of working together in the ene
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