DALLAS--(BUSINESS WIRE)-- Prism Midstream LLC (“Prism”) and its management team have established a partnership with Energy Spectrum Partners VI LP. Prism is focused on developing midstream energy infrastructure to support the emerging oil and natural gas plays in Texas and other parts of North America. Prism founders Bob Dunn and Gene Adams were previously founders of Prism Gas Systems which successfully developed natural gas gathering and processing infrastructure principally in East Texas, which was anchored by the Waskom Gas Processing plant.
Prism has acquired interests in two Texas Gulf Coast natural gas gathering systems and also in Pecos Valley Producer Services LLC, which is jointly owned with an affiliate of Kinder Morgan Energy Partners, L.P. Pecos Valley offers gathering, processing, and transloading services in Reeves County, Texas supporting oil and natural gas producers and other energy firms who are active in the Permian Basin.
About Energy Spectrum Partners VI LP
Energy Spectrum Partners VI LP is a private equity fund that makes direct investments in companies that acquire, develop, and operate midstream energy assets, including oil and natural gas gathering and transportation systems, processing and treating facilities, and storage facilities, in the U.S. and Canada. Since 1996 Energy Spectrum and its affiliates have raised six institutional investment funds, including their most recent fund of approximately $1.0 billion. For more information, visit www.energyspectrumcapital.com.
Source: Energy Spectrum Partners VI LP