What is Cardinal Midstream?
Operating under the rebranded name Iron Horse Midstream, the company is a key provider of midstream services, focusing on the essential infrastructure for oil and gas transportation and processing. Its operations are strategically located within Oklahoma's prolific SCOOP/STACK/Merge region, a hub for energy production. The company's commitment to growth and operational excellence is evident in its rebranding and its focus on serving clients within the dynamic energy sector.
How much funding has Cardinal Midstream raised?
Cardinal Midstream has raised a total of $200M across 1 funding round:
Private Equity
$200M
Private Equity (2013): $200M with participation from EnCap Flatrock Midstream
Key Investors in Cardinal Midstream
EnCap Flatrock Midstream
EnCap Flatrock Midstream is a venture capital firm established in 2008, specializing in investments within the oil, gas, and broader energy industries. Based in San Antonio, Texas, the firm provides significant capital backing to companies like Cardinal Midstream.
What's next for Cardinal Midstream?
The substantial enterprise-level funding indicates a phase of significant expansion and operational enhancement for Cardinal Midstream (Iron Horse Midstream). This capital infusion is expected to fuel the development of new infrastructure, potentially increase processing capacity, and broaden its service offerings to meet the growing demands of the energy market in Oklahoma and beyond. The company is poised to solidify its position as a critical midstream partner.
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