What is Evolution Midstream?
Evolution Midstream, founded in 2015 and headquartered in Denver, is an independent midstream company dedicated to serving oil and gas producers within the Rockies region. The company's operational footprint includes its subsidiary, Rowdy Pipeline LLC, which manages a rich gas gathering system and a 40 MMcf/d processing facility strategically located in the Powder River Basin. Evolution Midstream's core philosophy centers on cultivating robust, enduring relationships with all stakeholders, emphasizing trust, credibility, accountability, and fairness to ensure mutual value creation. Their comprehensive service offerings encompass natural gas gathering, compression, treating, and processing, alongside innovative NGL solutions and crude oil gathering, transportation, and storage.
How much funding has Evolution Midstream raised?
Evolution Midstream has raised a total of $300M across 1 funding round:
Private Equity
$300M
Private Equity (2015): $300M with participation from EnCap Flatrock Midstream
Key Investors in Evolution Midstream
EnCap Flatrock Midstream
EnCap Flatrock Midstream is a prominent venture capital firm specializing in investments within the oil, gas, and broader energy industries. Established in 2008 and based in San Antonio, Texas, the firm is known for its strategic backing of midstream infrastructure projects.
What's next for Evolution Midstream?
With substantial equity commitments from experienced energy investors, Evolution Midstream is well-positioned for continued expansion and operational enhancement. The company's focus on building strong relationships and providing essential midstream services in a key producing basin suggests a strategic direction aimed at solidifying its market position and potentially broadening its service portfolio. Future developments are likely to involve optimizing existing infrastructure and exploring new opportunities to support the evolving needs of oil and gas producers in the Rockies.
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