Energy Spectrum Capital has agreed to provide up to $150 million to Texas midstream company Santa Fe Midstream LLC. The capital will be used to invest in midstream opportunities in the U.S.
PLANO, Texas–(BUSINESS WIRE)–Santa Fe Midstream, LLC (“Santa Fe”) today announced a partnership with Energy Spectrum Capital (“Energy Spectrum”) to initially invest up to $150 million of equity to pursue midstream opportunities across the U.S. Energy Spectrum may secure additional funding for Santa Fe as the company executes its growth strategy. Santa Fe seeks to capitalize on its 120 years of upstream and midstream experience and its long-standing producer relationships to become a value-added midstream solutions provider to its customers.
Santa Fe Midstream’s management team is led by the company’s four founding partners, a group of recognized executives with experience from several leading energy companies. The team includes Greg Kegin, CEO; Amer Rathore, Founder; Clay Gordon, Vice President – Commercial; and Paul Dolan, Vice President – Engineering.
Prior to Santa Fe’s formation in late 2014, Greg Kegin served as Director of Business Development for Chesapeake Midstream and Access Midstream where he directed the activities of the Business Development group including acquisitions, divestitures, joint ventures and organic growth projects across the U.S. Mr. Kegin has also served in various executive, commercial and operations roles at ARCO Pipe Line, The Williams Companies, Transok and Atlas Pipeline.
Amer Rathore is one of four founding partners of Santa Fe Midstream. He brings to Santa Fe over 30 years of experience in both the power and natural gas industries. Amer is a proven leader with a deep background in deal structuring, acquisitions and divestitures, business development, finance and risk management.
Clay Gordon most recently served as Manager of Business Development at Chesapeake Midstream and Access Midstream. Mr. Gordon is a proven entrepreneur who has built, owned and operated three successful midstream companies. He has also served in various capacities with Delhi Gas Pipeline and Aquila Energy.
Paul Dolan most recently served as Director of Infrastructure Services for WPX Energy with responsibility for midstream activities in the lower 48. There he supervised the handling of approximately 30 MBOPD, 1.2 Bcf/d and up to 30 MBPD of NGLs. Prior to WPX Mr. Dolan held various management and engineering positions with The Williams Companies, ARCO Oil and Gas Company and United Engineers & Constructors.
“We are thrilled to partner with Energy Spectrum as we launch Santa Fe Midstream. With a strong and experienced management team we look forward to providing midstream services that create significant value for our customers,” said Santa Fe’s CEO, Greg Kegin. “Our team has worked for and with producers over the last thirty years. We understand what it takes to coordinate midstream development with producers’ drilling programs. We’ve built great relationships with our customers over the years and we will continue to build on the trust that our customers have placed in us as we grow Santa Fe Midstream.”
Tom Whitener, a founding partner of Energy Spectrum and a member of the Santa Fe board of directors, said, “We are excited and proud to be associated with Santa Fe as the company pursues its growth strategy in the domestic midstream sector. The partnership continues Energy Spectrum’s tradition of backing exceptional management teams who build on their relationships and commercial and operational expertise to become a service provider of choice in the producer community.”
About Santa Fe Midstream, LLC
Based in Plano, TX, Santa Fe Midstream is a creative midstream company led by an experienced and successful management team. Santa Fe is dedicated to creating value for our customers as we partner with them in providing a full menu of midstream services. Our capabilities include natural gas gathering, compression, treating and processing; crude oil gathering and transportation; as well as condensate and NGL products marketing and handling. Visit our website at www.santafemidstream.com for more information.
About Energy Spectrum Capital
Energy Spectrum Capital is a midstream-focused private equity firm that has raised over $3.5 billion in capital commitments focused on investing in North America’s energy infrastructure. Since its inception in 1996, Energy Spectrum has sponsored over 45 portfolio companies.