Trace Midstream, Inc.

Trace Midstream, Inc. is engaged in the development and operation of natural gas midstream assets, enhancing carbon capture infrastructure, and providing essential energy logistics solutions across North America. Founded in 2017and headquartered in Houston, Texas, Trace Midstream focuses on natural gas midstream services. The company was established following an investment agreement in December 2017 with Quantum Energy Partners, resulting in a capital raise of USD 200 mn.

The firm has completed a total of 3 deals to date. The CEO, Josh Weber, has a background in the energy sector, contributing to the company’s strategic direction. The firm has raised a total of USD 400 mn through its latest funding round, a Growth round led by Quantum Capital Group, which coincides with the total amount raised. Trace Midstream specializes in the development and operation of natural gas midstream assets and carbon capture infrastructure across North America.

Its primary offerings include natural gas gathering and transportation services, catering to energy producers and industrial clients. The company also focuses on infrastructure supporting carbon capture and sequestration, crucial for reducing greenhouse gas emissions, serving key energy-producing regions such as the Northern Delaware Basin. Trace Midstream generates revenue through long-term service agreements with energy producers for its natural gas gathering and transportation services. The firm also engages in revenue-sharing arrangements related to carbon capture projects, diversifying its income streams.

Specific pricing for these services is structured competitively to meet the needs of clients in managing energy logistics and environmental responsibilities. Trace Midstream plans to utilize the recent USD 400 mn funding from its latest Growth round to expand its midstream solutions throughout North America. The company targets several key markets for growth, including the Northern Delaware Basin and other significant natural gas regions, in efforts to enhance its service offerings and infrastructure capabilities. No specific new product launches or release dates have been announced at this time.