News Releases
Read the latest news releases about Caprock Midstream II, our companies and the oil, gas and energy industries.
September 5, 2018 – Press Release
EagleClaw Midstream Announces Acquisition of Caprock Midstream
EagleClaw Midstream (“EagleClaw”), a portfolio company of Blackstone Energy Partners, announced today that it has entered into binding agreements to acquire Caprock Midstream Holdings (“Caprock”) from Energy Spectrum Capital and Caprock Midstream Management for $950 million plus pre-closing adjustments. The all-cash transaction is expected to close in 2018 and will be funded with equity and committed debt financing from Barclays Plc.
May 2017 – Midstream Magazine
The Interview: Banking on Success
An unexpected job offer coming out of college nudged Mike Forbau from a presumed career in banking into the midstream energy sector. It was a case of being in the right place at the right time. His streak continued in management positions with some of the sector’s biggest players before he moved to a private equity-backed startup. The gathering and processing operator he now heads has continued that success—starting up in the Delaware Basin.
April 25, 2017 – Press Release
AB Private Credit Investors Announces $120 MM Credit Facility
Caprock Midstream LLC (“Caprock”), a private gathering and processing infrastructure company has entered into a $120 million senior secured term loan facility with AB
Private Credit Investors LLC (“AB-PCI”) as Administrative Agent / Co-Lead Arranger and Goldman Sachs Specialty Lending Group (“GSSLG”) as Co-Lead Arranger, to fund the continued growth of Caprock’s Delaware Basin gathering and processing assets.
Private Credit Investors LLC (“AB-PCI”) as Administrative Agent / Co-Lead Arranger and Goldman Sachs Specialty Lending Group (“GSSLG”) as Co-Lead Arranger, to fund the continued growth of Caprock’s Delaware Basin gathering and processing assets.