EnCap Flatrock invests $200m in Vecino Energy Partners

• Vecino was advised by Kirkland & Ellis LLP
• Winston & Strawn LLP served as legal counsel to EnCap Flatrock
• EnCap Flatrock was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC

Vecino Energy Partners has secured an equity commitment of $200 million from EnCap Flatrock Midstream and Vecino’s management team. Vecino plans to acquire, develop and commercialize oil and gas infrastructure.

Vecino’s management team is led by CEO Wayne Ziegler, President David Ash and a team of industry veterans, including COO Jason Walshak.

Ziegler has extensive leadership experience, including previous roles as vice president of the Southern region at Koch Materials, vice president of SemGas and most recently CEO at Nueces Midstream.

Ash spent the first half of his career in investment and merchant banking before moving to San Antonio to pursue executive roles at BlackBrush Oil & Gas, TexStar Midstream and Nueces Midstream. Walshak most recently served as COO at Nueces Midstream and prior to that role, he spent over a decade at BlackBrush Oil & Gas in multiple leadership positions, including western division manager.

“We are truly excited to work with the EnCap Flatrock team and believe that the alignment of both our investment philosophies, particularly in light of current market conditions, will result in a very productive partnership,” said Ziegler, in a statement.

Vecino was advised by Kirkland & Ellis LLP. Winston & Strawn LLP served as legal counsel to EnCap Flatrock.

Vecino Energy Partners, LLC, based in San Antonio, is focused on developing midstream infrastructure to support the domestic oil and gas industry.

EnCap Flatrock was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. The firm manages investment commitments of nearly $9 billion. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund.