Caiman Energy II, LLC is an independent midstream energy company that provides the infrastructure and services necessary to move natural gas products from the wellhead to market. Our senior management team has more than 170 years of experience in designing, building, owning, operating, and acquiring midstream assets, including extensive experience in the Barnett, Haynesville and Marcellus shale plays. We have developed a strong reputation for superior producer service, the ability to quickly design and build midstream infrastructure and operate it safely and reliably. Caiman’s mission is to leverage its deep industry experience to become a premier provider of midstream services to oil and gas producers and end users.
Caiman is focused on meeting the needs of our dedicated producer base by aligning our activities with drilling schedules and staying ahead of infrastructure requirements. Our objective is to ensure that our customers have the right facilities in place at the right time to rapidly and efficiently get their products to high-value markets. Caiman manages and operates Blue Racer Midstream, a joint venture with Dominion to develop midstream assets in the liquids rich area of the emerging Utica Shale play. We are driven by superior execution and customer service. Learn more about Blue Racer and Caiman's activities in the Utica here.
We pride ourselves on performance and the ability to execute quickly and decisively. Our track record in the Marcellus is a good example. We initiated business development activities in the rich gas area of the Marcellus in May 2009. By July of that year we had funded a major interconnect with an interstate pipeline, Texas Eastern, in Marshall County, West Virginia. Construction of our gathering and processing system began in November, and we began flowing gas in March 2010, bringing our first cryogenic processing plant, Fort Beeler, online in January 2011. We continued to expand our footprint in the Marcellus with the construction of additional gathering lines and processing plants, and NGL pipeline and a fractionation facility on the Ohio River with truck, barge, and pipeline access. To address the unique characteristics of the rich gas production and the difficult logistical aspects of trucking large volumes of produced liquid hydrocarbons in the field, we constructed the first high pressure condensate gathering system in the Marcellus.
On April 27, 2012, Caiman’s West Virginia assets were sold to Williams Partners (NYSE: WPZ) for approximately $2.5 billion. Learn more about our record in the Marcellus here.
Our company serves producers by providing a full array of engineered midstream services from the well pad to the market. Field services include gathering for natural gas, condensate, oil and water, along with compression, dehydration, and measurement. Caiman then complements these field services with centralized facilities such as treating, processing, and fractionation to make the products marketable and strategic pipelines to maximize the value of each hydrocarbon component. Caiman also works with the nation’s leading regional marketers to ensure that producers have flexible transportation options and receive the best possible value for their products.
Caiman is a privately held company supported by equity commitments from Williams Partners L.P., EnCap Flatrock Midstream, and Oaktree Capital. EnCap Flatrock, who represented the initial equity commitment for Caiman I, now has more than $5 billion in midstream equity under management. Since 2000, Highstar has invested $7 billion in core infrastructure sectors including energy, environmental services, and transportation. Caiman II represents Williams Partners first private equity commitment and a continuation of the relationship established with the sale of our West Virginia assets.