Lotus Midstream Secures $400 Million Capital Commitment From EnCap Flatrock

February 13, 2018
Midstream Business

Lotus Midstream LLC said Feb. 13 it secured an initial capital commitment of $400 million from EnCap Flatrock Midstream and the Lotus management team.

Lotus, a crude oil logistics provider based in Sugar Land, Texas, 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 said it is also pursuing strategic acquisition opportunities.

The company was established in early 2018 by CEO Mike Prince, Chief Commercial Officer Emily Baker and COO Jen Fontenot.