Redwood intends to use the funding for the development, expansion and optimization of midstream energy infrastructure for small to mid-sized producers in emerging shale producing regions.
Redwood Midstream Partners president Marty Patterson said the company will develop service oriented partnerships to provide infrastructure in a collaborative and transparent process.
"I am excited to partner with a great team of midstream investors who truly understand the energy infrastructure space, its changing landscape and the opportunity to provide producers with timely solutions and competitive economics," Patterson added.
Redwood is engaged in acquiring, developing, operating and optimizing crude oil, natural gas liquids and natural gas infrastructure throughout North America.
