Independent energy company Bayou Midstream has announced securing $75m initial funding from EIV Capital.
Image: Bayou Midstream secures funding from EIV Capital. Photo: Courtesy of iancu justin/FreeImages.com.
Headquartered in Houston, Texas, Bayou is focused on developing and operating midstream infrastructure assets across the US Rockies region, with a core focus in the Powder River Basin and the Bakken.
Bayou offers full service midstream solutions including gas gathering, processing and treating; crude oil gathering, treating and transportation; and produced water gathering.
Bayou’s experienced management team has worked in a variety of roles bringing a unique perspective to the company. Members of management have complementary backgrounds working for E&P producers, private equity-backed midstream companies, public midstream companies and financial institutions in energy investment banking. Bayou will utilize its comprehensive experience to work alongside producers providing a true partnership with their midstream service provider and allowing producers to focus on drilling and production.
From Bayou Midstream
Bayou CEO Travis Roby said: “We are pleased to partner with EIV Capital and look forward to leveraging our combined expertise to develop world-class midstream assets. Bayou is formed on the principles of integrity and doing what is right for our customers, which will guide our daily operations. We see exciting growth opportunities in our focus areas and are confident in our ability to drive value for our producer partners in these basins.
“Not only do we have experience developing midstream infrastructure projects but our management team has worked for both E&P producers and downstream companies. This allows us to understand how our partners think, bringing alignment and leading to a successful relationship.”
From EIV Capital
EIV co-founder & managing partner Patti Melcher said: “We are excited to partner with a talented team that has complementary skill sets as well as diverse management backgrounds. We look forward to supporting Travis and his team as they assist producers with solving their infrastructure needs in a safe and reliable manner.”
Source: Company Press Release