Company Research Report: Trace Midstream
Company Overview
Name
Trace Midstream
Mission of the Company
No information is available.
Founded
2017
Founders
No information is available.
Key People
- Josh Weber: Chief Executive Officer
- Ben Beyer: Chief Financial Officer
- David Dell’Osso: Chief Operating Officer
- Natara Williams: General Counsel & Corporate Secretary
- Luke Davis: SVP, Chief Commercial Officer
- Ben May: SVP, Corporate Development
- Jeff Viktorin: SVP, Chief Accounting Officer
- Travis Loseke: VP, Geosciences
- Kenton Bulson: VP, Facilities Engineering
- Candra Janova: VP, Reservoir Engineering
- Jack Harper: Board of Directors, Quantum Senior Advisor
Headquarters
840 Gessner, Suite 530, Houston, Texas 77024
Number of Employees
No information is available.
Revenue
No information is available.
Known For
Trace Midstream is known for developing and operating natural gas midstream assets and supporting carbon capture infrastructure across North America.
Products
Midstream Infrastructure
Trace Midstream specializes in developing large-scale midstream infrastructure projects, providing custom midstream solutions focusing on customer service, safety, and operational excellence.
- Key Features:
- Development and operations of ~3,800 miles of pipelines.
- Processing and treating capacity of ~4.0 Bcf/d of natural gas.
- Operation of ~650,000 hp of compression.
- Direct responsibility for ~ $3.6 billion of upstream and midstream capital projects since 2017.
- Successful monetizations of midstream assets valued at ~$1.4 billion.
Carbon Capture Solutions
Trace Carbon Solutions focuses on Carbon Capture and Sequestration (CCS) infrastructure to facilitate decarbonization.
- CO2 Capture: Develops and installs capture equipment tailored to specific industrial emissions sources.
- Transportation: Designs and operates CO2 transportation infrastructure.
- Sequestration: Selection and development of optimal sequestration sites using subsurface characterization expertise.
- Key Features:
- Total Evergreen storage capacity of over 250 million metric tons of CO2.
- Expertise across engineering design, subsurface characterization, and commercial development.
Recent Developments
New Acquisitions
- August 6, 2024: Acquired LM Energy’s natural gas gathering and transportation infrastructure in the Northern Delaware Basin.
- High- and low-pressure midstream system in Eddy and Lea counties, NM.
- Infrastructure includes 170 miles of pipeline and 12 compressor stations upon completion.
New Projects
- Evergreen Sequestration Hub (2023): A servitude agreement to develop a carbon sequestration site in Calcasieu and Beauregard parishes, Louisiana.
- Exclusive rights to a 20,000-acre site.
- Estimated storage capacity of over 250 MMT of CO2.
New Partnerships
- Climate Investment (August 22, 2023): Invested in Trace Carbon Solutions, bringing total equity capital commitments to over $420 million from Quantum, Climate Investment, and Trace management.
- LM Energy Acquisition: Partnership with Quantum Capital Group and Old Ironsides Energy.
Recent Sales
- March 14, 2022: Sale of Haynesville gathering and processing assets to Williams (NYSE: WMB) for $950 million.
Contact Information
- Address: 840 Gessner, Suite 530, Houston, Texas 77024
- Phone: (281) 657-3611
- Email: info@tracemidstream.com
Note: All data and details mentioned in this report are based on the provided information and no additional commentary or interpretation has been added.
