Houston, TX, (February 12, 2019) — EIV Capital and Woodland Midstream are pleased to announce they are partnering together again to form Woodland Midstream II. The partnership includes a substantial capital commitment from EIV Capital following the success of Woodland Midstream I and key additions to the executive team.
Woodland Midstream I, led by Richard Wright, established a significant natural gas gathering and processing footprint through the acquisition and development of greenfield projects in the Ark-La-Tex region. Woodland Midstream I successfully monetized its natural gas gathering and processing assets in October 2018.
Partnering with Richard Wright in Woodland Midstream II are Chief Commercial Officer Darin Aucoin, previously Vice President of Commercial Activities for Caprock Midstream, and Chief Operating Officer Doug Coleman, previously Vice President of New Ventures for Prism Midstream.
Woodland Midstream II is committed to providing strategic, tailored midstream solutions to best meet producers’ needs. The company will be engaged in acquiring and developing natural gas, natural gas liquids, oil and water midstream infrastructure in emerging basins throughout North America.
Patti Melcher, EIV Capital Co-Founder & Managing Partner, commented: “EIV would like to congratulate Richard on the success of Woodland I and is pleased to continue our partnership through Woodland II. We believe that the team’s proven midstream experience and passion about the industry will enable them to partner with producers to create safe, reliable and effective projects.”
Richard Wright remarked: “Through Woodland I, we were able to have a creative approach to providing producers with a safe, custom solution to their midstream needs. I am particularly pleased with our ability to develop winwin scenarios while providing engineered solutions coupled with superior service. Further, it’s an honor to partner up with two industry leaders such as Darin and Doug, and I am grateful to continue and further build our strong partnership with EIV with the formation of Woodland II.”
About Woodland Midstream
Woodland Midstream is a growth-oriented midstream company focused on acquiring, developing, operating and optimizing midstream infrastructure throughout emerging basins in North America. The company is headquartered in The Woodlands, Texas. For more information, please visit www.woodlandmidstream.com.
About EIV Capital
Founded in 2009, EIV Capital is a Houston-based private equity firm specializing in providing growth equity to the North American energy industry. EIV Capital focuses on midstream and related service businesses with an emphasis on energy infrastructure and businesses involved in the processing, transportation, storage, or conversion of oil, natural gas and refined products. The firm’s management has extensive experience leading and investing in successful companies across the energy value chain with a focus on midstream infrastructure and related services. For more information, please visit www.eivcapital.com.
Richard H. Wright III