Tulsa-headquartered power infrastructure firm Depth Infrastructure Companions LLC has obtained fairness dedication from its administration and a personal fairness agency, EIV Capital. A joint media launch mentioned the funding will permit it to accumulate, assemble, and function midstream belongings in the US.
Depth is led by Joseph Griffin and Derek Gipson, together with an govt workforce that collectively has 145 years of expertise. This workforce brings experience in administration, industrial operations, engineering, advertising and marketing, building, and origination throughout a variety of midstream actions. Their focus primarily contains the Permian Basin, the Bakken Shale, the Powder River Basin, and varied performs within the Mid-Continent area, the press launch mentioned.
Depth has invested greater than $2 billion within the building and acquisition of midstream belongings throughout the complete worth chain. These embody gasoline gathering, compression, processing, and treating, in addition to gathering and transmission of crude oil and pure gasoline liquids (NGL), based on the press launch.
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“We’re happy to accomplice with Depth because the workforce plans to leverage its distinctive monitor file to accumulate, develop, function, and commercialize midstream infrastructure belongings. The Depth workforce brings a strong background that spans quite a few basins and commodities, positioning the workforce effectively to accomplice with producers looking for midstream options”, David Finan, Managing Companion at EIV, mentioned.
“Depth is a confirmed workforce that’s effectively suited to capitalize on what we see as a beautiful alternative set within the midstream sector, the place EIV continues to be extremely energetic”, Greg Davis, Companion at EIV, mentioned.
“We’re excited to accomplice with EIV as we develop midstream options all through the US. Our govt workforce has devoted our careers to the midstream house and strongly believes there will probably be rising alternatives to accomplice with producers and proceed to construct and optimize midstream belongings for our clients”, Joseph Griffin, CEO of Depth, mentioned.
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