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Renegade Infrastructure has announced a new equity capital commitment from management and Energy Spectrum Partners VIII LP. The Houston-based company, established in late 2024, focuses on developing and acquiring midstream energy infrastructure across North America's Lower 48.

The company is led by Founder & CEO Drew Ward, who previously co-led Pinnacle Midstream II's successful sale to Phillips 66 in July 2024. Ward brings 17 years of industry experience, joined by Partner & CFO Jason Tanous, who served in the same role at Pinnacle Midstream I & II. J. Greg Sargent, Founder and CEO of Pinnacle Midstream franchises, will serve as Senior Advisor to Renegade's Board of Managers.

The partnership marks the second collaboration between Ward and Energy Spectrum, with Renegade pursuing acquisition opportunities, organic greenfield projects, and strategic producer partnerships.

Renegade Infrastructure ha annunciato un nuovo impegno di capitale azionario da parte della direzione e di Energy Spectrum Partners VIII LP. L'azienda con sede a Houston, fondata alla fine del 2024, si concentra sullo sviluppo e sull'acquisizione di infrastrutture energetiche midstream negli Stati Uniti continentali del Nord America.

L'azienda è guidata da Fondatore e CEO Drew Ward, che in precedenza ha co-guidato la vendita di successo di Pinnacle Midstream II a Phillips 66 nel luglio 2024. Ward porta con sé 17 anni di esperienza nel settore, affiancato dal Partner e CFO Jason Tanous, che ha ricoperto lo stesso ruolo in Pinnacle Midstream I e II. J. Greg Sargent, Fondatore e CEO delle franchise di Pinnacle Midstream, fungerà da Consulente Senior per il Consiglio di Amministrazione di Renegade.

Questa partnership segna la seconda collaborazione tra Ward e Energy Spectrum, con Renegade che persegue opportunità di acquisizione, progetti organici greenfield e partnership strategiche con i produttori.

Renegade Infrastructure ha anunciado un nuevo compromiso de capital de acciones por parte de la dirección y de Energy Spectrum Partners VIII LP. La empresa con sede en Houston, establecida a finales de 2024, se centra en el desarrollo y adquisición de infraestructura energética midstream en los 48 estados contiguos de América del Norte.

La empresa está liderada por Fundador y CEO Drew Ward, quien anteriormente co-lideró la exitosa venta de Pinnacle Midstream II a Phillips 66 en julio de 2024. Ward aporta 17 años de experiencia en la industria, acompañado por el Socio y CFO Jason Tanous, quien ocupó el mismo cargo en Pinnacle Midstream I y II. J. Greg Sargent, Fundador y CEO de las franquicias de Pinnacle Midstream, servirá como Asesor Senior para la Junta de Gerentes de Renegade.

Esta asociación marca la segunda colaboración entre Ward y Energy Spectrum, con Renegade persiguiendo oportunidades de adquisición, proyectos orgánicos greenfield y asociaciones estratégicas con productores.

레니게이드 인프라스트럭처는 경영진과 에너지 스펙트럼 파트너스 VIII LP의 새로운 자본 투자 약속을 발표했습니다. 2024년 말에 설립된 휴스턴 기반 회사는 북미의 48개 주에서 중간 유통 에너지 인프라 개발 및 인수에 집중하고 있습니다.

회사는 창립자 겸 CEO 드류 워드가 이끌고 있으며, 그는 이전에 2024년 7월 필립스 66에 대한 피나클 미드스트림 II의 성공적인 매각을 공동 주도했습니다. 워드는 17년의 업계 경험을 가지고 있으며, 피나클 미드스트림 I 및 II에서 같은 역할을 했던 파트너 겸 CFO 제이슨 타노우스와 함께합니다. 피나클 미드스트림 프랜차이즈의 창립자이자 CEO인 J. 그렉 사전트는 레니게이드의 관리자 이사회에 수석 고문으로 활동할 것입니다.

이번 파트너십은 워드와 에너지 스펙트럼 간의 두 번째 협력을 의미하며, 레니게이드는 인수 기회, 유기적 그린필드 프로젝트 및 전략적 생산자 파트너십을 추구하고 있습니다.

Renegade Infrastructure a annoncé un nouvel engagement en capital-actions de la part de la direction et d'Energy Spectrum Partners VIII LP. L'entreprise, basée à Houston et fondée fin 2024, se concentre sur le développement et l'acquisition d'infrastructures énergétiques midstream dans les 48 États contigus de l'Amérique du Nord.

L'entreprise est dirigée par le fondateur et CEO Drew Ward, qui a précédemment co-dirigé la vente réussie de Pinnacle Midstream II à Phillips 66 en juillet 2024. Ward possède 17 ans d'expérience dans l'industrie, accompagné par le partenaire et CFO Jason Tanous, qui a occupé le même rôle chez Pinnacle Midstream I et II. J. Greg Sargent, fondateur et CEO des franchises Pinnacle Midstream, agira en tant que conseiller senior pour le conseil d'administration de Renegade.

Ce partenariat marque la deuxième collaboration entre Ward et Energy Spectrum, Renegade poursuivant des opportunités d'acquisition, des projets organiques greenfield et des partenariats stratégiques avec des producteurs.

Renegade Infrastructure hat ein neues Eigenkapitalengagement von der Geschäftsführung und Energy Spectrum Partners VIII LP angekündigt. Das in Houston ansässige Unternehmen, das Ende 2024 gegründet wurde, konzentriert sich auf die Entwicklung und den Erwerb von Midstream-Energieinfrastruktur in den unteren 48 Bundesstaaten Nordamerikas.

Das Unternehmen wird von Gründer und CEO Drew Ward geleitet, der zuvor den erfolgreichen Verkauf von Pinnacle Midstream II an Phillips 66 im Juli 2024 mitgeleitet hat. Ward bringt 17 Jahre Branchenerfahrung mit und wird von Partner und CFO Jason Tanous unterstützt, der dieselbe Rolle bei Pinnacle Midstream I und II innehatte. J. Greg Sargent, Gründer und CEO der Pinnacle Midstream-Franchises, wird als Senior Advisor im Vorstand von Renegade tätig sein.

Die Partnerschaft markiert die zweite Zusammenarbeit zwischen Ward und Energy Spectrum, wobei Renegade Akquisitionsmöglichkeiten, organische Greenfield-Projekte und strategische Produzentenpartnerschaften verfolgt.

Positive
  • Secured new equity capital commitment from Energy Spectrum Partners VIII LP
  • Management team has proven track record with successful sale of Pinnacle Midstream II to Phillips 66
  • Leadership brings combined 35+ years of industry experience
  • Strategic positioning for acquisition and development opportunities across North America
Negative
  • New company with no established operational track record
  • Dependent on future acquisition and development success
  • Operating in competitive midstream infrastructure market
  • Second partnership between Founder & CEO, Drew Ward, Partner & CFO Jason Tanous and Energy Spectrum
  • The Company has secured initial equity commitments from management and Energy Spectrum Partners VIII LP
  • Partnership follows the successful sale of Pinnacle Midstream II to Phillips 66 (NYSE: PSX) in July 2024

HOUSTON & DALLAS--(BUSINESS WIRE)-- Renegade Infrastructure LLC (“Renegade”) today announced an inaugural equity capital commitment from management and Energy Spectrum Partners VIII LP (“Energy Spectrum”). Headquartered in Houston and established in late 2024, Renegade is an independent energy company focused on the development and/or acquisition of midstream energy infrastructure for oil and gas producers operating in various basins across North America. Renegade is pursuing acquisition opportunities, relationship-driven organic greenfield projects and strategic producer partnerships with a focus on the Lower 48. Renegade’s Founder & CEO, Drew Ward, most recently co-led the successful development and ultimate divesture of Pinnacle Midstream II, LLC’s Midland Basin midstream platform in July 2024 and Pinnacle Midstream I, LLC’s western Delaware Basin midstream platform in November 2018.

Founder & Executive Management Team

The Renegade executive management team is led by Founder and CEO Drew Ward, an industry veteran with a 17-year track record of strong value creation across a broad spectrum of energy companies including Crosstex Energy, Kinder Morgan, Twin Eagle Resource Management and the Pinnacle Midstream franchises. He has successfully monetized two previous private equity backed midstream companies.

Joining Mr. Ward as a Partner and member of the Renegade executive management team is CFO Jason Tanous who was part of the successful management team at Pinnacle Midstream I & II, LLC. Mr. Tanous brings eighteen years of industry and executive financial management experience, having most recently served as CFO at Pinnacle I & II. Prior to his time with Pinnacle, Mr. Tanous was a founding partner of PSI Midstream, a private equity-backed midstream startup where he had numerous financial responsibilities.

Lastly, Renegade has appointed J. Greg Sargent, Founder and CEO of the Pinnacle Midstream franchises, as well as Founder and CEO of Transtex Gas Treating to serve as Senior Advisor to the Renegade Board of Managers.

Founder & CEO Perspective

“I am excited to partner with Energy Spectrum for the second consecutive time,” said Drew Ward, Founder and CEO of Renegade. “Our leadership team has a strong track record of developing safe, timely, and cost-effective midstream solutions in premier oil and gas regions across the U.S., serving all commodities. With our deep expertise and long-standing industry relationships, we believe in our ability to build a successful midstream company that delivers exceptional service to our customers and drives value for all our stakeholders.”

From Energy Spectrum Capital

“The foundation of a great company starts with its management team so we are excited to establish another partnership with Drew, Jason and the entire Renegade team,” said Managing Partner Mike Mayon. “The team’s creativity and solutions-oriented approach are differentiators, and we believe Renegade can continue to build on the strong track record of its management team. We are grateful for this partnership and look forward to the journey ahead.”

About Renegade Infrastructure LLC

Headquartered in Houston, Renegade Infrastructure LLC is an independent energy company that provides a full suite of midstream services to oil and gas producers across North America. Renegade is backed by an equity commitment from management and Energy Spectrum Partners VIII LP. For more information, please visit www.renegadeinfra.com.

About Energy Spectrum Capital

Founded in 1995, Energy Spectrum Capital is a Dallas, Texas-based private equity firm focused on partnering with strong management teams to pursue compelling opportunities across the energy infrastructure sector of North America. To date, Energy Spectrum has raised approximately $4.5 billion of equity capital across eight funds. The Renegade investment will be an investment in Energy Spectrum Partners VIII LP, the firm’s most recent fund. For more information, please visit www.energyspectrum.com.

Business Opportunities:

Drew Ward

Founder & CEO

Renegade Infrastructure LLC

info@renegadeinfra.com

Source: Renegade Infrastructure LLC

FAQ

What is the new equity capital commitment announced by Renegade Infrastructure?

Renegade Infrastructure secured equity commitments from management and Energy Spectrum Partners VIII LP, marking their second partnership together.

When was Renegade Infrastructure established and what is its focus?

Established in late 2024 in Houston, Renegade focuses on developing and acquiring midstream energy infrastructure across North America's Lower 48.

What was Drew Ward's previous successful venture before founding Renegade?

Drew Ward co-led Pinnacle Midstream II's Midland Basin platform, which was successfully sold to Phillips 66 in July 2024.

Who are the key executives leading Renegade Infrastructure?

The company is led by Founder & CEO Drew Ward, Partner & CFO Jason Tanous, with J. Greg Sargent serving as Senior Advisor to the Board of Managers.
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