SAN ANTONIO--(BUSINESS WIRE)--EnCap Flatrock Midstream (“EnCap Flatrock”) today announced the promotions of Gregory C. King and Dave Kurtz to managing partner and Dennis J. McCanless to partner. Founded in 2008, EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm manages institutional capital commitments of approximately $5.6 billion.
“Each of these individuals has played a key role in our remarkable growth and has demonstrated outstanding leadership and dedication to the success of our portfolio companies,” said EnCap Flatrock Founder and Managing Partner Bill Waldrip. “EnCap Flatrock is a results-driven firm with organizing principles that value integrity, strong relationships and performance. These promotions reflect those principles and our commitment to the firm’s next generation of leadership.”
About Gregory C. King
Mr. King joined EnCap Flatrock as
senior adviser in 2015, bringing more than 30 years of experience in the
energy industry with a focus on liquids. He is based in EnCap Flatrock’s
San Antonio office. From 2003 to 2007 he served as the president of
Valero Energy Corporation (“Valero”) (NYSE: VLO). As Valero’s president,
he helped develop and execute a strategy to build the largest
independent refiner in North America. During the same period, he also
served as a member of the board of directors of Valero’s midstream
business, Valero, LP (now NuStar Energy, L.P.) (NYSE: NS). He earned his
Juris Doctor at the University of Houston Law Center in 1985 and
practiced law as a partner at Bracewell & Giuliani LLP’s Houston office
from 1985 to 1993. He received a Bachelor of Business Administration in
finance from the University of Texas in 1982.
Mr. King serves on the board of directors of several EnCap Flatrock portfolio companies including Evolution Midstream, LLC; Gravity Midstream, LLC; Lucid Energy Group II, LLC; and Moda Midstream, LLC.
About Dave Kurtz
Mr. Kurtz has extensive knowledge and
expertise in both midstream and upstream, with significant strength in
commercial transactions, acquisitions and divestitures. Prior to joining
EnCap Flatrock in 2014 as managing director, Mr. Kurtz served as
president and partner of Alpine, Inc., an exploration and production
company focused on both conventional and unconventional plays. Mr. Kurtz
has more than 30 years of experience in the energy industry. While with
Alpine, Mr. Kurtz was responsible for raising capital, acquiring and
developing acreage, and the divestiture of more than 700,000 acres in
various project areas. Prior to Alpine, Mr. Kurtz served as vice
president of business development for OGE Energy Corp., an Oklahoma
regulated public utility, and its subsidiary Enogex Inc., an unregulated
midstream company. Mr. Kurtz holds a Bachelor of Science degree in
petroleum engineering from The University of Kansas and a Master of
Business Administration degree from Oklahoma City University.
Based in EnCap Flatrock’s Oklahoma City office, Mr. Kurtz serves on the board of directors of Tall Oak Midstream II, LLC (“Tall Oak II”) and was instrumental in the $1.55 billion sale to EnLink of Tall Oak Midstream, LLC’s (“Tall Oak I”) Oklahoma assets. He is also a director at Cardinal Midstream II, LLC and Lucid Energy Group II, LLC.
About Dennis McCanless
Mr. McCanless has been with EnCap
Flatrock since its inception. He joined the firm as a managing director
and works from the firm’s San Antonio office. He has more than 27 years
of experience in the midstream and energy space with extensive knowledge
in operations, strategic planning, asset management, commercial
contracts and transactions. Prior to joining Flatrock Energy Advisors in
2007, he was president and CEO of Gas Solutions Holdings, Inc., which
was focused on natural gas gathering and processing in East Texas. For
the five years prior, Mr. McCanless was the director of commercial
assets for Enbridge Energy’s Texas Panhandle/Western Oklahoma and South
Texas systems, where he managed commercial and strategic activities and
led the rapid growth and profitability of the company’s regional assets.
He holds a Bachelor of Science degree in petroleum engineering from
Texas A&M University and a Master of Business Administration degree from
the University of Houston.
Mr. McCanless serves as president and a member of the board of directors of Toledo Bend Midstream, LLC. He is also a member of the board of directors of EagleClaw Midstream, LLC; Stakeholder Midstream, LLC; and Tradition Midstream, LLC.
About EnCap Flatrock Midstream
EnCap Flatrock Midstream
provides value-added venture capital to proven management teams focused
on midstream infrastructure opportunities across North America. The firm
was formed in 2008 by a partnership between EnCap
Investments L.P. and Flatrock Energy Advisors. Based in San Antonio
with offices in Oklahoma City and Houston, EnCap Flatrock is led by
Managing Partners and Founders William D. Waldrip, Dennis F. Jaggi and
William R. Lemmons, Jr. The firm manages investment commitments of
approximately $5.6 billion from a broad group of institutional
investors. EnCap Flatrock is currently making commitments to new
management teams from EFM Fund III, a $3 billion fund. For more
information please visit www.efmidstream.com.
