Investment Summary

Energy Spectrum Capital Exits Spectrum Field Services

On July 1, 2004, invested in energy services and equipment company Spectrum Field Services from Energy Spectrum Capital

Investment Highlights
  • This is transaction in the Energy Services and Equipment sector.
  • This is transaction in the United States.
  • This is transaction in Oklahoma.

Investment Summary

Date 2004-07-01
Target Spectrum Field Services
Sector Energy Services and Equipment
Sellers(s) Energy Spectrum Capital
Deal Type Trade Sale

Target

Spectrum Field Services

Velma, Oklahoma, United States
In May 2000, ESC formed Spectrum Field Services ("SFS") to acquire the Velma gas processing plant from Texaco, which had processing capacity of 100 MMcfd and 1,900 miles of related natural gas gathering pipelines in South Central Oklahoma. SFS management increased the volumes through the system and upgraded the plant resulting in reduced operating costs. SFS was acquired by Atlas Pipeline Partners in July 2004.

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Seller(S) 1

SELLER

Energy Spectrum Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.


DEAL STATS #
Overall 11 of 43
Sector: Energy Services and Equipment M&A 8 of 28
Type: Trade Sale M&A Deals 4 of 4
State: Oklahoma M&A 4 of 13
Country: United States M&A 9 of 40
Year: 2004 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Frontier Field Services

Tulsa, Oklahoma, United States

In May 2003, ESC and Frontier Energy Services formed Frontier Field Services to be a growth platform in the midstream sector providing gathering, processing, treating, compression and marketing services. Frontier established operations in southeastern New Mexico by acquiring the 60-MMcfd Maljamar Natural Gas Processing Plant and related 650-mile gathering system from ConocoPhillips. Frontier also had operations in Southwest Oklahoma and the Texas Panhandle. In June 2004, Frontier was acquired by Aka Energy Group, an affiliate of the Southern Ute Indian Tribe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Dornick Hills Midstream

Dallas, Texas, United States

Dornick Hills Midstream was formed in November 2004 to acquire a natural gas gathering system and processing plant near Sherman, TX from Dynegy. The Company sold those assets to SemGas, the natural gas business unit of the SemGroup, in October 2006.

Buy -