Canes Midstream LLC

Canes Midstream, based in Dallas, US, specializes in midstream oil and gas services, providing tailored solutions for transportation and processing of hydrocarbons, enhancing operational efficiency for energy producers. Founded in 2019 in Dallas, US, Canes Midstream focuses on midstream services specifically for the oil and gas sector. The company was founded by Chad Choate and Scott Brown. Scott Brown currently serves as the CEO.

In November 2019, EIV Capital invested in Canes Midstream LLC, the financial terms of which were not disclosed. Canes Midstream specializes in providing comprehensive midstream oil and gas services, focusing on tailored solutions for energy producers. Their offerings include an extensive network of over 796 miles of pipeline and five natural gas processing plants situated in the Midland Basin. This infrastructure facilitates efficient transportation and processing of natural gas and related hydrocarbons, serving independent oil and gas producers, large energy companies, and stakeholders across various locations in the United States.

Canes Midstream generates revenue from midstream services involving the transportation and processing of oil and gas products. The company's transactions operate primarily on a Business-to-Business (B2B) model, with clients entering contracts for pipeline capacity and processing services, which includes long-term agreements with energy producers to ensure consistent throughput while adhering to safety and environmental standards. The revenue model encompasses fees related to pipeline usage and processing rates, though specific pricing plans are not disclosed. Canes Midstream's future growth strategy includes plans to enhance its service offerings and expand its market reach.

The company aims to launch new products designed to meet evolving client needs, though specific details on the release dates are not provided. Canes Midstream is also targeting expansion into additional geographical regions across the United States. Recent funding from EIV Capital in November 2019 will support these initiatives by facilitating infrastructure improvements and service enhancements.