|By PR Newswire||
|November 28, 2012 11:45 AM EST||
HOUSTON, Nov. 28, 2012 /PRNewswire/ -- Canyon Midstream Partners, LLC ("Canyon") has received a capital commitment of $300 million from Kayne Anderson Capital Advisors ("Kayne Anderson") and Canyon management to support Canyon's strategy to develop, acquire and operate midstream energy assets and businesses. Canyon is focused on developing midstream assets and providing services in conventional and unconventional production regions in North America, where improved exploration and production technology is increasing hydrocarbon recoveries.
Canyon (www.canyonmidstream.com) was formed by former senior management of Delphi Midstream Partners, LLC and Laser Northeast Gathering Company, LLC. The Canyon team is led by Michael Walsh, President & CEO; Mark Fuqua, SVP Business Development; and Dale Harper, SVP Engineering & Operations.
Prior to forming Canyon, the management team led the development, construction and operation of the Laser Northeast Gathering System in Susquehanna County, PA, and Broome County, NY, which was sold to Williams Partners in early 2012. The Laser Northeast system was the first independent gathering system developed in northeastern Pennsylvania and at the time of sale consisted of approximately 39 miles of pipeline, 6 field compression sites and an expandable 10,000 hp compressor station at the system's interconnection with the Millennium Pipeline.
"Canyon presented a unique opportunity for Kayne Anderson to invest in an established and proven management team that has developed, acquired and operated successful midstream businesses by focusing on their customers' business challenges. As a longtime investor in the E&P business, we have an appreciation for the value that can be created by a responsive, entrepreneurial and well-capitalized midstream company," said Danny Weingeist, Managing Partner of Kayne Anderson Energy Funds.
Mr. Walsh said: "The Canyon team is excited to partner with an experienced and successful energy investor like Kayne Anderson. We believe that the technical expertise, industry relationships and financial resources of our equity partner will augment the management team's experience in creating a world-class midstream company."
"The ongoing transformation of the U.S. energy sector presents exciting opportunities for an entrepreneurial, creative and experienced midstream company and we intend to be at the forefront in partnership with our customers."
ABOUT KAYNE ANDERSON ENERGY FUNDS
Established in 1984, Kayne Anderson Capital Advisors is a leading financial management firm with over $15 billion in assets under management. The firm pursues alternative investment niches that offer attractive and sustainable returns with moderate levels of risk. Kayne Anderson's separately dedicated investment teams focus on generating returns across a variety of strategies, including energy private equity, publicly-traded master limited partnerships, growth private equity, niche real estate and mezzanine financing.
Through Kayne Anderson Energy Funds, the firm manages over $4.0 billion of committed capital dedicated to private equity investments in primarily upstream oil and gas companies. Currently, the firm has over 40 active portfolio companies focused on the acquisition and development of upstream oil and gas assets across North America.
The firm is headquartered in Los Angeles with offices in Chicago, Denver, Houston and New York. For more information, please visit www.kaynecapital.com.
ABOUT CANYON MIDSTREAM PARTNERS, LLC
Canyon is a Houston-based company formed to acquire, develop and operate midstream energy companies and assets. Canyon seeks opportunities to create long-term value for its investors and employees through operational improvements, organic and strategic growth and efficient capital investment. More information can be found at www.canyonmidstream.com.
SOURCE Canyon Midstream Partners, LLC
SYS-CON Events announced today that Machkey International Company will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Machkey provides advanced connectivity solutions for just about everyone. Businesses or individuals, Machkey is dedicated to provide high-quality and cost-effective products to meet all your needs.
Oct. 4, 2015 11:45 PM EDT Reads: 278
Clutch is now a Docker Authorized Consulting Partner, having completed Docker's certification course on the "Docker Accelerator for CI Engagements." More info about Clutch's success implementing Docker can be found here. Docker is an open platform for developers and system administrators to build, ship and run distributed applications. With Docker, IT organizations shrink application delivery from months to minutes, frictionlessly move workloads between data centers and the cloud and achieve 2...
Oct. 4, 2015 10:45 PM EDT Reads: 384
SYS-CON Events announced today that Interface Masters Technologies, provider of leading network visibility and monitoring solutions, will exhibit at the 17th International CloudExpo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading provider of high speed networking solutions focused on Gigabit, 10 Gigabit, 40 Gigabit and 100 Gigabit Ethernet network access and connectivity products. For over 20 ye...
Oct. 4, 2015 10:15 PM EDT Reads: 635
As enterprises capture more and more data of all types – structured, semi-structured, and unstructured – data discovery requirements for business intelligence (BI), Big Data, and predictive analytics initiatives grow more complex. A company’s ability to become data-driven and compete on analytics depends on the speed with which it can provision their analytics applications with all relevant information. The task of finding data has traditionally resided with IT, but now organizations increasingl...
Oct. 4, 2015 10:00 PM EDT Reads: 365
“The Internet of Things transforms the way organizations leverage machine data and gain insights from it,” noted Splunk’s CTO Snehal Antani, as Splunk announced accelerated momentum in Industrial Data and the IoT. The trend is driven by Splunk’s continued investment in its products and partner ecosystem as well as the creativity of customers and the flexibility to deploy Splunk IoT solutions as software, cloud services or in a hybrid environment. Customers are using Splunk® solutions to collect ...
Oct. 4, 2015 09:45 PM EDT Reads: 560
SYS-CON Events announced today that Agema Systems will exhibit at the 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Agema Systems is the leading provider of critical white-box rack solutions to data centers through the major integrators and value added distribution channels.
Oct. 4, 2015 08:30 PM EDT Reads: 619
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Bradley Holt, Developer Advocate at IBM Cloud Data Services, will demonstrate techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, ...
Oct. 4, 2015 08:00 PM EDT Reads: 354
While testing is often ignored when it comes to DevOps - it could be the most important aspect of achieving true DevOps success. Without rethinking automated testing from the ground-up, the entire DevOps productivity gain cannot be realized. Large tech companies build their own rapid test automation that runs in minutes across functional, performance, security and other tests. In his session at DevOps Summit, Kevin Surace, CEO of Appvance, will discuss how we learn from these real-world succe...
Oct. 4, 2015 08:00 PM EDT Reads: 395
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Oct. 4, 2015 07:15 PM EDT Reads: 219
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Oct. 4, 2015 07:00 PM EDT Reads: 342
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
Oct. 4, 2015 06:30 PM EDT Reads: 724
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
Oct. 4, 2015 06:30 PM EDT Reads: 484
Interested in leveraging automation technologies and a cloud architecture to make developers more productive? Learn how PaaS can benefit your organization to help you streamline your application development, allow you to use existing infrastructure and improve operational efficiencies. Begin charting your path to PaaS with OpenShift Enterprise.
Oct. 4, 2015 06:00 PM EDT Reads: 323
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
Oct. 4, 2015 06:00 PM EDT Reads: 730
SYS-CON Events announced today that Key Information Systems, Inc. (KeyInfo), a leading cloud and infrastructure provider offering integrated solutions to enterprises, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Key Information Systems is a leading regional systems integrator with world-class compute, storage and networking solutions and professional services for the most advanced softwa...
Oct. 4, 2015 05:15 PM EDT Reads: 289