EVX Midstream Partners Announces New Credit Facility and Appointment of Accounting Executive
Houston, Texas, July 9th, 2018 – EVX Midstream Partners, LLC (“EVX”) today announced that it has entered into a new revolving credit facility as of June 22. The credit facility is expected to be used to fund growth capital expenditures in EVX’s South Texas area of operations. EVX also announced the appointment of Perry Ramey as the company’s new Controller.
“We are extremely pleased to add Perry to our team. He brings significant midstream accounting and finance expertise to EVX. Perry’s experience in leadership roles at PwC and Enbridge will provide critical skills to our growing finance organization as we continue to expand our operations and secure additional sources of financing. Maintaining strong relationships with our customers and vendors during times of rapid growth requires strategic development of our finance organization and EVX is looking forward to Perry taking a lead role in that development.”
Mr. Kellar continued, “As crude prices have increased over the past year, EVX has seen increasing demand for midstream services in and around our Eagle Ford operations. Our new credit facility allows us the additional funding and the funding flexibility to meet the growing needs of our customer base. We anticipate that we will use this facility for the near-term construction of identified projects in South Texas including both new facilities and expansions to our existing facilities.”
EVX is led by its three founders: Herb Chambers IV, President and CEO; Charlie Flynn, Chief Operating Officer; and Brian Kellar, Chief Financial Officer. The EVX leadership team has a demonstrated track record of success, with over 50 years of collective experience originating transactions and projects, structuring and developing midstream assets, and operating assets post-acquisition or project completion.
About EVX Midstream
EVX Midstream Partners LLC is a midstream development company focused on acquiring, developing and operating crude oil, natural gas, and produced water gathering, processing, treating and transportation assets in the Eagle Ford, Permian Basin, and Mid-Continent. EVX was founded by Herb Chambers IV, Charlie Flynn and Brian Kellar, in partnership with Five Point Energy. For more information, please visit www.evxmidstream.com.