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Article: TEAK Midstream Secures $100 Million Private Equity Investment.
- Article from:
- Energy Weekly News
- Article date:
- November 6, 2009
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TEAK Midstream, LLC announced that it has secured a $100 million private equity investment from Natural Gas Partners (NGP), a leading energy private equity firm based in Irving, Texas. TEAK, a Dallas-based midstream start-up, will use the private equity investment to acquire and develop midstream assets in key gas producing areas of the United States.
TEAK Midstream is led by A. Chris Aulds and James R. Wales. Together, Aulds and Wales have more than 55 years of oil and gas industry experience and proven expertise launching and growing start-up midstream companies. Prior to starting TEAK, they were two of the original three founders of Crosstex Energy, Inc. ...