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News Nov 13, 2019

EnCap Flatrock Midstream’s $400 Million Equity Commitment and Acquisition

Shearman & Sterling represented EnCap Flatrock Midstream Fund IV, L.P. (EFM) in connection with a $400 million equity commitment to Ironwood Midstream Energy Partners II, LLC (Ironwood II). We also represented EFM in connection with Ironwood II’s execution of a purchase and sale agreement with Twin Eagle Pipeline Company, LLC for the acquisition of 100 percent of the membership interests of Twin Eagle Gardendale Pipeline, LLC, an entity that owns a crude oil gathering, transportation, and storage system in Dimmit, Frio, La Salle and Zavala Counties, Texas.

The Team