Producers Midstream II Secures Major Funding for Growth Initiatives in Energy Sector

Producers Midstream II Secures $400 Million Expanded Credit Facility

Producers Midstream II, LLC, a pivotal player in the midstream sector backed by Tailwater Capital, recently announced a significant achievement by securing an expanded credit facility worth $400 million. This financing initiative, led by an esteemed group of banks including Texas Capital Bank, Bank of Oklahoma, Cadence Bank, US Bank, and Wells Fargo Bank, is set to bolster the company's strategic growth plans and enhance its operational capabilities.

As one of the leading companies dedicated to offering comprehensive midstream solutions across the United States, Producers Midstream aims to utilize the funds from this new credit facility to further develop their asset base. The funds will play a crucial role in supporting various development projects, particularly in key regions like the Mid-Continent and Eastern Permian Basin, as well as growth initiatives in the Delaware Basin.

With a focus on advancing their state-of-the-art gathering, treating, and processing systems, the capital injection comes at an opportune moment. The company is already engaged in engineering activities that could lead to the deployment of additional cryogenic plants in Lea County, New Mexico. This will not only expedite project timelines but also enhance operational efficiency in an area ripe for growth and development.

CEO Matt Flory expressed optimism regarding the facility's impact, stating, "With this facility, Producers Midstream is well-positioned to advance critical infrastructure projects and expand our operational presence in key regions, targeting increased drilling activity in the Bone Springs, Wolfcamp, and Penn Shale formations in the Delaware Basin, the Eastern Permian Basin, and the growing Cherokee / Red Fork formation in the Anadarko Basin." This declaration emphasizes the company's commitment to adapting to the dynamic demands of upstream operators while delivering innovative midstream solutions.

The expanded credit facility not only strengthens Producers Midstream's financial footing but also fortifies its reputation as a reliable midstream partner. As remarked by Stephen Lipscomb of Tailwater Capital, this financing serves not only as a financial tool but also as a vote of confidence in the leadership of Producers Midstream, allowing the company to continue fulfilling its mission of generating tailored solutions for its clients.

Founded in 2016, Producers Midstream has successfully forged a path characterized by reliability, service, and innovative strategies tailored to meet the evolving needs of the industry. With a culture dedicated to ingenuity and responsiveness, the company has established a firm footing as a midstream provider dedicated to maximizing the operational value of its clients.

For those interested in learning more about Producers Midstream and their initiatives, further information can be found on their website: www.producersmidstream.com.

Tailwater Capital, the investment firm behind Producers Midstream, is renowned for its strong track record in energy and environmental infrastructure development. Since its inception, Tailwater has raised over $4.9 billion in committed capital and executed more than 180 transactions worth over $26 billion, firmly establishing its presence in the market. More details about Tailwater can be accessed at www.tailwatercapital.com.