Bayou using $75M to build, buy Bakken or PRB midstream assets

By Luke Geiver | December 17, 2018

They may be in Houston, but Bayou Midstream is looking north to develop or acquire shale and gas midstream assets. The recently formed company that received $75 million in funding from EIV Capital, intends to target the Bakken and Powder River Basin.

Founded by several industry executives and midstream experts from Terra Energy Partners, TransCanada and Occidental Petroleum, Bayou said it will look to develop greenfield projects or buy existing assets.

In addition to gas gathering and crude gathering, Bayou will also work in the processting, treating, and produced water gathering sectors.

“We see exciting growth opportunities in our focus areas and are confident in our ability to drive value for our production partners in those basins,” the company said. “Not only do we have experience developing midstream infrastructure projects, but our management team has worked for both E&P producers and downstream companies.”

Bayou is EIV Capital’s first investment this year. The company has also invested in Woodland Midstream, Fullstream Energy, EcoVapor Recovery Systems and a handful of other energy-related firms.