San Antonio-based private equity firm EnCap Flatrock Midstream is backing a recently created pipeline and storage terminal company with $200 million in venture capital, the firm announced Tuesday.
Candor Midstream LLC — formed in August 2017 to move and store natural gas, crude oil and waste water from drilling sites — plans to use the money from EnCap Flatrock to buy pipeline and storage terminal assets or to develop its own infrastructure.
