Getka Energy Secures $250 Million Capital Commitment from EnCap Flatrock Midstream
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Getka Energy has secured an initial equity commitment of $250 million from EnCap Flatrock Midstream and the Getka management team. Getka was formed earlier this year to provide storage, blending and terminal solutions, as well as pipeline transportation and market optionality for producers across North America in addition to domestic and international marketers.
The company is focused on developing unique solutions that leverage technology, market relationships and asset expertise to offer the reach and optionality that customers value. Getka expects to focus its early efforts on multiple basins and market hubs throughout the Midcontinent, including the market center at Cushing, Oklahoma.
“We believe there is a strong demand for a team that has a deep understanding of the crude oil supply chain, knows where the challenges and opportunities are and has the ability to execute reliably and rapidly. We will be looking to put our expertise to work to create value for customers by taking an innovative, commercial approach to the market that pioneers new ways to maximize assets and the way crude moves from the field to market centers,” said Getka CEO Dariusz Cichocki.
“When we decided to form Getka Energy, EnCap Flatrock Midstream was our preferred partner and the only equity provider we met with. The firm is the undeniable leader in the space, and we are very pleased that the team at EnCap Flatrock shares our vision. We look forward to applying our combined expertise to grow a very successful business,” added Cichocki.
Getka is led by three founding partners, who have a long and successful history of working together. The team includes chief executive officer Dariusz Cichocki, chief commercial officer Clete Straub, and chief operating officer Matthew Turner. Getka’s founding partners have more than 50 years of combined energy industry experience and worked together at Enbridge Energy Partners L.P., where they focused on the commercial development of storage and pipeline systems.
About Getka Energy
Based in Tulsa, Getka Energy provides storage, blending, truck-to-pipe and pipeline transportation solutions to crude oil producers and domestic and international marketers. The company is led by CEO Dariusz Cichocki, CCO Clete Straub and COO Matthew Turner.
To stop by Getka Energy’s website, CLICK HERE
About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund.
To stop by EnCap Flatrock Midstream’s website, CLICK HERE
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