Moda Midstream is supported by an equity commitment from EnCap Flatrock Midstream and the Moda management team. Our partnership provides our customers an unmatched combination of financial strength, experience, operating, technical and investing expertise that uniquely positions Moda to grow an exceptional franchise.

EnCap Flatrock Midstream is a venture capital firm with a singular focus: identifying, investing in, and enhancing the value of great businesses and attractive assets in the North American midstream energy sector. Founded in 2008 by Flatrock Energy Advisors and EnCap Investments L.P., the firm is guided by a disciplined, persistent approach to value creation through the rigorous application of intellectual and financial capital. The firm manages the EnCap Flatrock Midstream Funds I, II, III, IV and V, which together have over $9.5 billion in capital commitments from a broad range of prestigious institutional investors.

The EnCap Flatrock Midstream management team is led by Managing Partners Bill Waldrip, Billy Lemmons, Dave Kurtz, Greg King and Sam Pitts. With more than a century of combined midstream experience, our founders have been directly involved in approximately $20 billion in midstream transactions and investments over the course of their careers and they are widely regarded as leading experts in the North American midstream market.