Pinnacle Midstream, LLC

Fund: BP Natural Gas Opportunity Partners LP, I

Date of Commitment: December 2014 – Fully Realized December 2017, sold to I Squared Capital

Pinnacle Midstream is a midstream services provider to the oil and gas industry. Pinnacle was able to assist a Permian Basin based producer with a temporary midstream solution to process natural gas and reduce gas flaring. The Pinnacle management team deployed a remote, small-scale processing solution that helped the producer secure an outlet for its gas and recover valuable NGLs while also lowering emissions, greenhouse gases and reduce flaring. This successful temporary solution earned, Pinnacle the contract to build out permanent midstream infrastructure based on a valuable acreage dedication. Prior to completion of the permanent infrastructure build, a sale process was initiated. The process was successful and, the Pinnacle investment was realized in December 2017 through a sale to I Squared Capital.