Energy Spectrum Capital

Energy Spectrum Capital is a private equity and venture capital firm based in Dallas, Texas, that specializes in investments within the energy sector. Founded in 1995, the firm focuses on midstream energy assets, including oil and gas pipelines, storage and transportation, and energy services. Energy Spectrum Capital typically invests between $50 million and $200 million in lower-middle market companies, emphasizing growth stages from seed to mid venture. The firm primarily targets opportunities in North America, particularly in the United States and Canada, and aims to exit its investments within three to seven years. As a subsidiary of Energy Spectrum Securities Corp, it seeks to manage private equity funds that support well-managed companies in acquiring, developing, and operating critical energy infrastructure. Throughout its history, Energy Spectrum Capital has established itself as a key player in the energy investment landscape.

Peter W. Augustini

Managing Partner

James Benson

Founding Partner and Senior Managing Partner

Benjamin Davis

Managing Partner

Alison Fischer

Managing Partner and CFO

Mark Honeybone

Managing Partner

Austin Lutz

Director

Michael P. Mitchell

Director

Chandler A. Phillips

Managing Partner

Thomas Whitener

Founding Partner

36 past transactions

Tivoli Midstream

Private Equity Round in 2020
Tivoli Midstream LLC is a Houston-based company that specializes in the acquisition, construction, and management of storage and terminal facilities for oil, gas, and petrochemicals. The company provides logistics and handling services for a range of products, including chemical goods, refined products, crude oil, renewable resources, and dry-bulk commodities. Serving clients such as refiners, commodity traders, and the petrochemical sector, Tivoli Midstream focuses on optimizing logistics solutions to enhance operational efficiency. The team at Tivoli comprises experienced professionals with extensive knowledge and practical experience in the oil, gas, and petrochemical industries.

Caprock Midstream

Private Equity Round in 2019
Caprock Midstream is a privately held midstream operator based in Houston, Texas, focused on acquiring, building, and developing midstream infrastructure for crude oil, natural gas, and produced water. Founded in 2015, the company primarily operates in the Delaware Basin, particularly in Reeves and Ward counties, where it provides gathering, processing, and disposal services to energy producers. Caprock currently manages two natural gas processing facilities, with plans to expand processing capacity to 540 million cubic feet per day upon completion of additional facilities under construction. The company engages in both buy and build strategies, targeting project investments ranging from $20 million to $400 million, and aims to deliver cost-efficient midstream services to its clients.

Pinnacle Midstream

Private Equity Round in 2019
Pinnacle Midstream provides essential midstream services to oil and gas producers, focusing on enhancing the efficiency of resource delivery to market. Founded in 2014 and headquartered in Houston, Texas, the company specializes in natural gas gathering and processing, crude oil gathering and stabilization, and produced water management, including saltwater disposal wells. Pinnacle Midstream collaborates closely with producers to install and operate tailored midstream assets, ensuring that the development of oil and gas resources is optimized. By leveraging strategic partnerships, the company extends its gathering systems to neighboring producers, maximizing value for all stakeholders. With a commitment to delivering services such as compression, treatment, and transportation, Pinnacle Midstream aims to create significant incremental value through innovative and cost-effective solutions that enhance revenue generation for its partners.

Laser Midstream, LLC

Private Equity Round in 2019
Laser Midstream Energy acquires and develops crude oil, natural gas, and water-related midstream assets.

Taproot Energy Partners

Private Equity Round in 2018
Provider of oil and gas midstream services intended to serve customers in the northeastern extension of Colorado. The company focuses on the design, construction and operation of efficient and cost-effective midstream assets that serve as a conduit to deliver products such as crude oil, produced water and freshwater to the market while maximizing the value chain, enabling the producer to achieve an increased netback value.

Rimrock Energy Partners

Private Equity Round in 2017
Rimrock Energy Partners is an oil and gas production company that specializes in acquiring and developing midstream assets focused on crude oil, natural gas, and natural gas liquids. The company aims to connect North America's diverse energy basins to broader energy markets, with a strategic emphasis on regions such as the Niobrara Shale in the Rocky Mountains, the San Juan Basin in New Mexico, the Permian Basin, the Woodford Shale, and the Anadarko Basin. By leveraging current market dynamics, Rimrock Energy Partners seeks to facilitate sustainable expansion within the energy sector across states including Colorado, Wyoming, New Mexico, Texas, and Oklahoma.

Vesta Midstream Partners

Private Equity Round in 2017
Vesta Midstream Partners develops natural gas and crude oil gathering and processing assets. Vesta's full-scope services include gathering and processing of natural gas and crude oil, enabling energy producers to maximize asset value in a timely and cost-sensitive fashion.

BlueJack Energy Solutions

Private Equity Round in 2016
BlueJack Energy Solutions funds, develops and operates waste stream solutions for producers in the Permian Basin and the Marcellus and Utica Shale plays. Through integrated partnerships with producers, we utilize our flexible approach to construct and operate infrastructure specifically engineered for each unique condition. With extensive knowledge and operational experience, we take a global approach to waste stream solutions and management. BlueJack Energy Solutions offers best-in-class customer service and has a proven commitment to safety and environmental stewardship.

Tristate Midstream

Private Equity Round in 2015
Tristate Midstream, L.P. is a company engaged in the acquisition, construction, ownership, and operation of natural gas gathering and processing facilities. Founded in 2007 and headquartered in Irving, Texas, with an additional office in Longview, the company provides midstream services across East Texas, North Louisiana, and South Arkansas. Tristate specializes in natural gas and crude oil markets, offering services that include compression, dehydration, gathering, processing, and treating. The company also operates natural gas pipelines and focuses on meeting customer needs through reliable operations and innovative business solutions.

BlueWing Ventures

Private Equity Round in 2015
BlueWing Ventures is a venture capital firm based in Washington, D.C., focusing on early-stage companies in the cybersecurity and data intelligence sectors. In a separate context, Bluewing Midstream LLC operates as an energy logistics company based in Houston, Texas. Founded in 2015, it specializes in acquiring, operating, and optimizing terminaling, storage, and transportation facilities along the U.S. Gulf Coast. The company provides strategic midstream solutions for crude oil and liquids producers, refiners, marketers, and petrochemical manufacturers. Bluewing Midstream offers flexibility and efficiency through its transportation capabilities, which include barge, rail, and truck services, catering to the growing import and export market. The firm has formed a strategic partnership with Energy Spectrum Capital to enhance its operations.

Santa Fe Midstream

Private Equity Round in 2015
Santa Fe Midstream is a midstream services company based in Plano, Texas, focused on the oil and gas sector. The company specializes in developing and acquiring natural gas gathering, treating, compression, and processing systems. In addition to its natural gas operations, Santa Fe Midstream offers crude oil midstream services, catering to the needs of oil and gas producers. The company's mission is to create value for its customers by effectively managing and enhancing midstream infrastructure in the energy sector.

Liberty Midstream Services

Private Equity Round in 2013
Liberty Midstream Services offers gathering, processing, compression, and transportation services to crude oil and natural gas producers.

Kanata Energy Group

Private Equity Round in 2013
Kanata Energy Group Ltd is an oil and gas energy management company located in Calgary.

Prism Midstream

Private Equity Round in 2012
Prism Midstream specializes in acquiring and developing midstream assets, primarily in West Texas and the Gulf Coast regions. The company focuses on enhancing energy infrastructure to support growing oil and natural gas activities, particularly in East Texas and the Permian Basin. Prism Midstream provides a range of services, including liquid handling for both specification and off-spec natural gas liquids and crude condensate, as well as crude oil and gas gathering, processing, treating, transloading, and saltwater disposal. Its operations include a Liquid Handling Facility in the Southern Midland Basin and transloading services in Reeves County, Texas, catering to the needs of natural gas producers and related companies.

Rio Midstream

Private Equity Round in 2012
Rio Midstream acquires and develops crude oil, natural gas, and water-related midstream assets and also provides the infrastructure and services to transport hydrocarbons from wellhead to markets, enabling the energy producers to solve complicated gas gathering, processing, and transportation challenges.

Azure Midstream Partners

Private Equity Round in 2012
Azure is a midstream company with a focus on owning, operating, developing and acquiring midstream energy infrastructure in core producing areas in the United States. Azure currently provides natural gas gathering, compression, treating and processing services in northern Louisiana and east Texas in the prolific Haynesville and Bossier Shale formations, the liquids-rich Cotton Valley formation and the shallower producing sands in the Travis Peak formation.

Tristate Midstream

Private Equity Round in 2011
Tristate Midstream, L.P. is a company engaged in the acquisition, construction, ownership, and operation of natural gas gathering and processing facilities. Founded in 2007 and headquartered in Irving, Texas, with an additional office in Longview, the company provides midstream services across East Texas, North Louisiana, and South Arkansas. Tristate specializes in natural gas and crude oil markets, offering services that include compression, dehydration, gathering, processing, and treating. The company also operates natural gas pipelines and focuses on meeting customer needs through reliable operations and innovative business solutions.

Costar Midstream

Private Equity Round in 2011
Costar Midstream focuses on the development of natural gas gathering and processing facilities. Costar acquired and developed multiple gathering and processing assets across Texas and North Dakota. Costar's assets include a Gas Solutions system of over 500 miles of natural gas gathering pipelines, three cryogenic natural gas processing plants, and associated compression and treating assets located in a four-county area near Longview, TX.

Texas Energy Midstream

Private Equity Round in 2008
Texas Energy Midstream specializes in providing essential midstream services to the oil and gas industry, including gathering, transmission, treating, processing, and compression. The company is focused on acquiring and developing midstream assets with growth potential, particularly in Texas. Currently, Texas Energy Midstream is constructing a new gathering system and treating facility, which will enhance its service offerings and support its clients in achieving their operational objectives. By developing natural gas gathering systems and compression facilities, the company aims to ensure reliable and efficient service delivery in the evolving energy sector.

Hoover Energy Partners

Private Equity Round in 2008
Hoover Energy Services acquires and develops midstream pipelines in Texas and the Mid-Continent region. Hoover Energy also engages in the provision of services such as gathering, transportation, and termination of crude oil as well as condensate handling, gathering, treating, and processing of natural gas.

TransEdge Energy

Private Equity Round in 2007
TransEdge Energy pursues opportunities in the refined products pipeline and terminal sectors. TransEdge operates two heating oil, refined products, and propane distribution companies in the northern New Hampshire market, which were sold to Stone Road Energy in October 2014.

C&J Energy Services

Private Equity Round in 2006
C&J Energy Services is an independent provider of a comprehensive range of oilfield services, primarily focused on complex well completions. The company specializes in hydraulic fracturing, coiled tubing, wireline, and pressure pumping, offering completion, stimulation, and production enhancement services. In addition to these services, C&J manufactures equipment for the oilfield industry, performs equipment repair and refurbishment, and supplies parts to both internal operations and third-party clients. The company has also developed a specialty chemicals division, providing fluids for hydraulic fracturing and other completion services. C&J operates in major U.S. basins and has a presence in Dubai, with plans to expand into key markets in the Middle East.

Forrest Drilling Company

Private Equity Round in 2006
Forrest Drilling Company operates a fleet of seven large newly built diesel-electric SCR land drilling rigs, ranging from 1,000 horsepower to 1,500 horsepower in size. It operates in Mississippi, Texas, and Oklahoma and expects to add additional rigs through acquisitions of existing operating equipment plus new construction.

Clear Creek Energy Services

Private Equity Round in 2005
Clear Creek Energy Services is a midstream energy company that designs and operates gathering systems, treating facilities, and midstream transportation pipelines. Clear Creek has assets on the Powder River Basin in northeastern Wyoming and the Piceance Basin in western Colorado.

Midstream Energy Services

Private Equity Round in 2005
Midstream Energy Services acquires and manages natural gas gathering and treating systems. Midstream Energy Services capitalizes on greenfield development opportunities primarily in the Mid-continent area, while also pursuing acquisitions and construction projects in other commercially attractive regions.

Dornick Hills Midstream

Private Equity Round in 2004
Dornick Hills Midstream operates natural gas gathering systems and processing plants in Cooke and Grayson counties near Sherman, TX from Dynegy.

Clipper Windpower

Private Equity Round in 2002
Clipper Windpower specializes in wind energy technology, focusing on the design and manufacturing of wind turbines and components. The company is headquartered in Carpinteria, California, and operates a turbine manufacturing facility in Cedar Rapids, Iowa, along with research and development centers in Carpinteria and Blyth Harbor, U.K. Clipper Windpower produces turbines capable of generating up to 2.5 megawatts of power, contributing to a total installed base of over 700 turbines. In addition to turbine manufacturing, the company is involved in the development of wind power generating projects, supporting the long-term sustainability of renewable energy.

CES Acquisition

Private Equity Round in 2001
CES Acquisition is an infrastructure development company that specializes in power generation projects.

Falcon Gas Storage

Convertible Note in 2000
Falcon Gas Storage develops and operates high deliverability, multi-cycle (HDMC) gas storage facilities. Falcon Gas Storage has more than 20 Bcf of working gas storage capacity at its Hill-Lake and Worsham-Steed gas storage facilities in Texas.

SemGroup

Private Equity Round in 2000
SemGroup® Corporation is a publicly held company that moves energy safely through a network of pipelines, terminals and storage tanks. SemGroup provides gathering, transportation, processing, storage, distribution, marketing and other midstream services primarily to independent oil and natural gas producers, refiners of petroleum products and other market participants located in the Mid-Continent and Rocky Mountain regions of the United States and in Canada, Mexico and the United Kingdom.

Canadian Midstream Services

Private Equity Round in 1999
Canadian Midstream Services offers gas gathering, compression, and processing services to energy producers. CMSL expands its asset base by acquiring and developing additional midstream assets in western Canada.

Tobin International

Private Equity Round in 1998
Tobin International provides geo-business information systems to the domestic and international oil and gas industries.

Sulphur River Gathering

Private Equity Round in 1998
Sulphur River Gathering operates natural gas gathering, treating, and processing assets. Sulphur River Gathering's facilities include 1,100 miles of natural gas gathering pipelines, six gas treating plants with an elemental sulphur capacity of more than 900 long tons per day, three gas processing plants with a capacity of 245 mmcfd, and two nitrogen rejection plants with a capacity of 75 mmcfd.

STRATA Directional Technology

Private Equity Round in 1997
STRATA Directional Technology is a directional drilling and wireline company that provides engineering, directional drilling, downhole motor technology, and guidance services.

Pinnacle Natural Gas Company

Acquisition in 1997
Pinnacle Natural Gas Company operates natural gas gathering and transportation systems in West Texas, eastern New Mexico, Louisiana, and Mississippi. Pinnacle Natural Gas Company operates three lateral natural gas pipelines transporting up to 1.1 Bcf/d under firm contracts to power plants and 18 gathering systems gathering more than 44 MMcf/d.
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