Stakeholder Midstream, LLC, established in 2015 and headquartered in San Antonio, Texas, is an independent midstream company dedicated to providing comprehensive services to oil and gas producers across North America's unconventional shale plays. The company's mission centers on delivering innovative midstream solutions that are both environmentally responsible and economically beneficial. Stakeholder Midstream's operations encompass natural gas gathering, compression, treating, processing, crude oil gathering, transportation, storage, and carbon capture and sequestration (CCS) services. The company emphasizes building enduring relationships with all stakeholders—customers, landowners, vendors, and local communities—founded on trust, accountability, and fairness.
Key Strategic Focus
Stakeholder Midstream's strategic objectives are centered on providing comprehensive midstream services while prioritizing environmental stewardship. The company specializes in:
- Natural Gas Services: Offering in-field gathering, compression, treating, and processing services tailored to the complexities of gas streams from formations like the San Andres.
- Crude Oil Services: Providing gathering, transportation, and storage solutions that ensure flow assurance and access to premium markets.
- Carbon Capture and Sequestration (CCS): Implementing CCS technologies to reduce carbon intensity, with operations including state-of-the-art injection wells for permanent CO₂ sequestration.
The company targets producers in the Permian Basin and other unconventional shale plays, aiming to support their environmental, social, and governance (ESG) goals through innovative midstream solutions.
Financials and Funding
In July 2015, Stakeholder Midstream secured an initial equity commitment of $250 million from EnCap Flatrock Midstream, a private equity firm specializing in midstream infrastructure investments. This funding has been instrumental in developing the company's asset base and expanding its service offerings.
Pipeline Development
Stakeholder Midstream operates several key assets:
- San Andres Crude Gathering System: Commissioned in April 2017, this system includes approximately 150 miles of pipeline and 60,000 barrels of storage, serving wells in Yoakum County, Texas, and Lea County, New Mexico.
- Campo Viejo Gas Gathering System: Operational since late 2018, this system comprises about 460 miles of low-pressure gathering pipelines and two processing facilities with a combined inlet capacity of 172,000 Mcfd.
- CO₂ Sequestration Wells: The company operates three injection wells capable of permanently sequestering over 120,000 metric tons of CO₂ annually, equivalent to eliminating the carbon emissions of 16,000 U.S. households or removing 26,000 vehicles from the road.
Technological Platform and Innovation
Stakeholder Midstream distinguishes itself through its commitment to technological innovation, particularly in carbon management:
- Proprietary Technologies: The company has developed state-of-the-art CO₂ injection wells designed for permanent sequestration into the Devonian formation, located over two miles below the surface and more than 10,000 feet below the water table.
- Scientific Methodologies: Stakeholder employs advanced monitoring, reporting, and verification (MRV) plans to ensure the effectiveness and safety of its CCS operations.
Leadership Team
Stakeholder Midstream's leadership comprises experienced professionals with a proven track record in the midstream sector:
- Robert F. Liddell: Co-Founder, Co-Chief Executive Officer, and Chief Financial Officer. Mr. Liddell has extensive experience in customer and investor relations, project management, financial structuring, and business development. Prior to Stakeholder, he served as Vice President of Business Development at TexStar Midstream.
- Gaylon E. Gray: Co-Founder, Co-Chief Executive Officer, President, and Principal. A third-generation midstream professional, Mr. Gray has a background in engineering, constructing, and operating various midstream assets. He previously served as Vice President of Engineering at TexStar Midstream.
- Joshua Roberts: Chief Operating Officer and Principal.
- Brett Baker: Chief Commercial Officer and Principal.
- Shannon Neill: Chief Accounting Officer.
Competitor Profile
The midstream sector is characterized by significant competition, with several key players:
- Energy Transfer LP: A major entity engaged in the transportation, storage, and terminaling of natural gas, crude oil, NGLs, refined products, and LNG. Energy Transfer operates an extensive network of pipelines across the U.S.
- DCP Midstream Partners: Prior to its acquisition by Phillips 66 in 2023, DCP Midstream was a significant player in midstream petroleum services, focusing on natural gas and NGLs.
- Equitrans Midstream Corporation: Specializes in natural gas transportation and storage, with operations primarily in the Appalachian Basin. Equitrans Midstream was acquired by EQT Corporation in 2024.
- Magellan Midstream Partners: Focused on the transportation, storage, and distribution of refined petroleum products and crude oil, Magellan was acquired by Oneok in 2023.
Strategic Collaborations and Partnerships
Stakeholder Midstream's partnership with EnCap Flatrock Midstream has been pivotal in its growth, providing the financial backing and industry expertise necessary to expand its operations and service offerings.
Operational Insights
Stakeholder Midstream's strategic positioning in the Permian Basin, coupled with its focus on carbon management, provides a competitive edge. The company's proximity to major CO₂ transportation infrastructure enables it to offer CCS services to third parties, enhancing its market position and contributing to industry-wide efforts to reduce carbon emissions.
Strategic Opportunities and Future Directions
Looking ahead, Stakeholder Midstream aims to:
- Expand CCS Services: Leverage existing infrastructure to provide carbon sequestration solutions to additional clients in the Permian Basin and beyond.
- Enhance Midstream Capabilities: Continue developing and optimizing natural gas and crude oil midstream services to meet evolving producer needs.
- Foster Industry Partnerships: Collaborate with producers and midstream companies to implement environmentally responsible solutions that align with ESG objectives.
By capitalizing on its current strengths and strategic initiatives, Stakeholder Midstream is well-positioned to contribute to a more sustainable energy future.
Contact Information
- Website: www.stakeholdermidstream.com
- LinkedIn: Stakeholder Midstream LinkedIn
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