Valiant Midstream, an Oklahoma City-based provider of a full suite of midstream services, received a $150m equity investment.
Valiant management and Dallas-based energy private equity firm Tailwater Capital made the investment. Tailwater expects to increase its commitment to Valiant as the company executes its growth strategy.
Led by President and Chief Executive Officer Brandon J. Webster, Chief Operating Officer Chad B. Cagle and Chief Finance Officer Zach N. Gray, Valiant provides a suite of midstream services including gas gathering, processing, treating and compression, crude oil gathering, storage and transportation, condensate stabilization/splitting, produced water gathering and redelivery, and commodity marketing.
The company has experience and success originating projects and acquisitions as well as managing, constructing and operating assets in the Mid-Continent, Permian Basin, Rockies, Bakken and Haynesville.