HOUSTON, March 30, 2017 /PRNewswire/ -- EVX Midstream Partners, LLC ("EVX") today announced that it is expanding its Eagle Ford asset base. EVX is constructing additional crude oil gathering infrastructure and has acquired additional strategic SWD facilities.
Herb Chambers IV, President and CEO of EVX said, "We are pleased to continue our multi-commodity development efforts in the Eagle Ford. The expansion of our crude oil and produced water assets will allow us to serve a broader base of customers and enhance services to our existing customer base. Our business model is to serve producers by handling all their crude oil, natural gas, and water related midstream needs."
Mr. Chambers continued, "Area activity has been strong and the strategic expansion of our assets will position EVX to provide additional gathering, storage and blending opportunities."
EVX is led by its three founders: Herb Chambers IV, President and CEO; Charlie Flynn, Chief Operating Officer; and Brian Kellar, Chief Financial Officer. The EVX leadership team has a demonstrated track record of success, with over 50 years of collective experience originating transactions and projects, structuring and developing midstream assets, and operating assets post-acquisition or project completion.
About EVX Midstream
EVX Midstream Partners LLC is a midstream development company focused on acquiring, developing and operating crude oil, natural gas, and produced water gathering, processing, treating and transportation assets in the Eagle Ford, Permian Basin, and Mid-Continent. EVX was founded by Herb Chambers IV, Charlie Flynn and Brian Kellar, in partnership with Five Point Capital Partners LLC. For more information, please visit www.evxmidstream.com.
About Five Point Capital Partners LLC
Five Point Capital Partners is a private equity firm focused on midstream energy infrastructure and energy sector investments across North America. Five Point's investment strategy is to partner with, develop and support strong management teams through buyouts and growth capital investments within the midstream energy sector. Based in The Woodlands, Texas, Five Point is currently investing from Five Point Capital Midstream Fund II L.P. and manages more than $450 million of capital commitments. For further information, please visit www.fivepointcp.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/evx-midstream-partners-announces-eagle-ford-asset-expansion-300431906.html
SOURCE EVX Midstream Partners, LLC