Dallas midstream industry veterans launch new venture with $300 million investment

Dallas-based oil and gas industry veteran Doug Dormer is launching a new midstream venture with a $300 million commitment from EnCap Flatrock Midstream.

Cardinal Midstream Partners, Dormer’s fourth fund with the San Antonio-based private equity firm, will invest in acquisition and development opportunities focused on natural gas and carbon capture and sequestration (CCS). Dormer said the firm will likely start with its natural gas strategy and eventually build out its CCS operations to run in…


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