$500 million in pipeline for newly formed venture

Executives who sold Copano Energy to Richard Kinder’s pipeline empire for $3.2 billion last year have lined up $500 million to start a new midstream oil and gas company.Navitas Midstream Partners, based in The Woodlands, is planning to build gathering pipelines, processing and treatment facilities in North America, CEO Bruce Northcutt said in an interview Monday with the Houston Chronicle.It’s among a number of private equity and midstream companies seeking to fill a gap in infrastructure between emerging shale plays and U.S. markets.”You see a lot of players in the midstream place, and part of that is the re-plumbing of America,” said Northcutt, former president and CEO of Copano Energy.

via $500 million in pipeline for newly formed venture – Houston Chronicle.

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