Tradition Midstream is focused on the acquisition, expansion and greenfield development of midstream assets across North America, with current emphasis on emerging shale plays in Texas, Oklahoma and Louisiana, including the Eagle Ford, Eaglebine, Mississippi Lime and Tuscaloosa Marine formations. The company provides gathering, processing and transportation services to help producers bring crude oil, natural gas, condensate and natural gas liquids to market. Tradition is based in The Woodlands, Texas and is led by President Don Brown and a senior management team that has worked together for eight years and holds 104 years of collective midstream experience. The management team previously helped build Millennium Midstream Partners, which was ranked 63 on the Inc. 500 list in 2007 and later sold to Eagle Rock Energy Partners. Financially, Tradition announced it secured a $100 million equity commitment from EnCap Flatrock Midstream, creating a partnership intended to support growth and asset development. Legal counsel on the transaction included Locke Lord LLP for Tradition and Thompson & Knight for EnCap Flatrock. Tradition Midstream focuses on designing, building, owning, operating and acquiring midstream assets that serve natural gas, natural gas liquids (NGLs) and crude oil producers and downstream customers. Its service offering includes natural gas gathering, compression, treating and dehydration, processing, and marketing of natural gas, NGLs and crude oil. The company is pursuing projects in conventional production regions and emerging shale plays across the United States and intends to expand infrastructure to support growing production. Tradition's management team—John O'Shea (CEO), Don Brown (President), James Lee (CFO), Bryan Johnson (COO) and Mark Edge (VP, Land & ROW)—has more than 100 years of combined midstream experience and previously worked together at Millennium Midstream Partners. The business emphasizes acquiring and enhancing existing assets along with developing new midstream projects. The company announced a $200 million equity commitment from Denham Capital to support its growth and project development.

Total raised

$300M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2013