Vaquero Midstream Secures Equity Commitment from Yorktown Energy Partners to Provide Full Suite of Midstream Services
THE WOODLANDS, Texas, August 21, 2014-- Vaquero Midstream, LLC (Vaquero) today announced that it has received a substantial equity commitment from New York-based private investment firm Yorktown Energy Partners, LLC. Vaquero offers customers a full suite of integrated crude oil and natural gas midstream services including gathering, treating, processing, compression, liquids handling and transmission. The company is pursuing opportunities in emerging resource plays across North America, leveraging the management team’s multifaceted midstream experience and building on strong relationships with oil and gas producers.
The Vaquero management team is led by three founding partners who have a long and successful history working together. The team includes Chief Executive Officer and President Gary E. Conway; Founding Principal Bryant H. Patton; and Founding Principal William W. Davis.
Prior to Vaquero, Mr. Conway served as Vice President of Engineering and Operations at TEAK Midstream where he managed all aspects of engineering and operations, helping steer the company from the initial acquisition stage to full execution of assets in the Eagle Ford shale. Mr. Conway has also served in leadership roles with Petrohawk/Hawk Field Services, Energy Transfer Partners and Crosstex Energy. Mr. Patton has served as an investor, principal or advisor to more than 40 upstream and midstream companies across North America. He is the founder and president of Brycap Investments, Inc. and has worked in the past with TEAK Midstream and Crosstex Energy. Mr. Davis recently retired from Crosstex Energy, where he helped guide the company’s growth strategy since 2001, first as Chief Financial Officer and then as Chief Operating Officer. During his tenure, the company executed more than $3 billion of growth projects.
“We are excited about the confidence Yorktown has expressed in our team and the shared vision of providing strategic solutions for producers in need of execution and operations expertise in the midstream arena,” said Mr. Conway. “Vaquero Midstream is built on the founding principles of willing partnerships, custom solutions and efficient execution. We believe that this vision, backed by the experience and expertise of Yorktown, provides an excellent platform for us to work with oil and gas producers to accommodate their aggressive growth strategies and create value.”
Yorktown Energy Partners is a private equity and venture capital firm with a 30-year history and a strong reputation in the energy sector. The firm has provided funding and leadership to a wide range of companies including exploration and production, transportation, marketing, midstream and manufacturing businesses.
About Vaquero Midstream, LLC
Based in The Woodlands, Texas with an additional office in Dallas, Vaquero Midstream offers oil and gas producers a full suite of midstream solutions including gathering, treating, processing, compression, liquids handling and transmission. The company’s leadership team has a wide range of experience in all facets of the midstream industry in domestic shale basins across the country including Barnett, Eagle Ford, Haynesville and the Permian. For more information, visit the Vaquero website at www.vaqueromidstream.com.
Meredith Hargrove Howard, 210-737-4478
Chris Seiders, 469-206-0005
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