Cardinal Midstream has formed Cardinal Midstream III, supported with $250 million in equity from PE firm EnCap Flatrock Midstream, to pursue midstream acquisitions in resource plays across North America. Cardinal III is the third partnership between Cardinal and EnCap Flatrock. In March, Cardinal Midstream II sold Energy Transfer Partners its interest in Cardinal PA Holdings, which had natural gas and condensate gathering, compression and condensate stabilization services in southwest Pennsylvania. Cardinal II still owns......
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