Energy Firms Form Gas Services Company

Equity firms Tenaska Capital Management and Energy Spectrum Partners commit up to $250 million to create Frontier Gas Services LLC.
The joint venture will purchase and operate midstream natural gas infrastructure assets in the Mid-Continent, Permian Basin, East Texas and unconventional shale plays throughout the U.S.
Tenaska Capital Management LLC expands its investment in the U.S. midstream natural gas sector by establishing a joint venture that will operate as Frontier Gas Services. The joint venture has been formed by TCM and Energy Spectrum Partners V LP, a midstream-focused private equity fund, to back Tulsa-based Frontier Energy Services, an experienced and successful midstream manager and operator. TCM is an affiliate of Tenaska Energy Inc. and the manager of the $2.4 billion TPF II LP private equity fund.
Frontier specializes in the acquisition and commercial development of midstream natural gas assets. It is led by founder, president and CEO Dave Presley, who has more than 32 years of experience in all phases of the natural gas industry.
Presley and his leadership team have been directly responsible for the operation of approximately 1.3 Bcf/d of gathering and processing capacity, 260 MMcf/d of natural gas treating capability and approximately 4,000 miles of natural gas gathering and transmission pipeline facilities. Frontier’s management team has successfully invested over $500 million of capital in the midstream natural gas industry. Recently, Frontier has expanded its focus to include greenfield gathering and treating infrastructure in the unconventional natural gas resource plays currently under development in the U.S.
“The joint venture provides us with a strong and more expansive platform to continue to grow our existing asset base,” said Presley. “I have long admired Tenaska and the TCM team, and our team and long-time partner Energy Spectrum are pleased that we will have the opportunity to work with them to build a midstream-focused natural gas business through acquisitions and greenfield development projects.”

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