September 18, 2024 08:30 AM Eastern Daylight Time
HOUSTON–(BUSINESS WIRE)–Bayou Midstream II, LLC (“Bayou II”) today announced an equity commitment from EIV Capital, LLC (“EIV”) following their successful partnership for Bayou Midstream, LLC (“Bayou I”). Headquartered in Houston, Bayou II is an independent energy company focused on the acquisition, development and operation of midstream infrastructure across North America.
Bayou II will be led by Chief Executive Officer Travis Roby and President and Chief Financial Officer Ross Lairson. Bayou II’s leadership team has extensive midstream experience within many of the most prolific basins in the United States.
This is Travis and Ross’ second equity commitment from EIV Capital since formation of Bayou I in 2018. Bayou I developed and operated strategic midstream assets in the Bakken shale, including the Leviathan Crude Gathering system, the Fairview Connector interstate pipeline, the Alexander Connector Pipeline, and the East Fairview and Alexander crude terminals.
“We are thrilled to continue our partnership with EIV Capital. Bayou will continue to be a nimble midstream partner with a focus on customer service and integrity. We believe when our partners succeed, we succeed; this mindset led to a successful midstream business with Bayou I and we are excited to continue this approach to building world class midstream assets with Bayou II,” said Travis Roby CEO of Bayou II.
“We are privileged to be renewing our partnership with a talented team that has a proven track record of success in midstream acquisitions and greenfield development,” said Greg Davis, Partner, EIV. “We have built a strong working relationship with Travis, Ross and the Bayou team since 2018 and look forward to supporting their efforts to acquire, develop and operate oil and gas midstream infrastructure assets.”
About Bayou Midstream II, LLC
Bayou Midstream II, LLC, headquartered in Houston, Texas, is a full-service midstream company focused on the development and acquisition of midstream infrastructure. For more information, please visit www.bayoumidstream.com.
About EIV Capital
Founded in 2009, EIV Capital is a Houston, Texas-based private equity firm specializing in providing growth equity to the North American energy industry. EIV Capital focuses on investments in businesses which create value through infrastructure, innovation or efficiency. The firm’s management has extensive experience leading and investing in successful companies across the energy value chain. For more information, visit www.eivcapital.com.
Contacts
Meredith Hargrove Howard
Redbird Communications Group
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210-737-4478