EnCap Flatrock’s $200 Million Cardinal Investment Targets Shale

May 14, 2013
Bloomberg Businessweek

Private-equity fund EnCap Flatrock Midstream is investing $200 million in closely held Cardinal Midstream II LLC, five months after the firms doubled their money in a previous pipeline investment.

Cardinal, based in Dallas, is looking to build pipelines to gather natural gas, oil or petroleum liquids from wells in shale fields, with a focus on Texas, Chief Executive Officer Doug Dormer said in an interview.

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