Locke Lord served as legal counsel to Lucid Energy Group II, LLC, a full-service midstream provider based in Dallas, in the recently secured initial equity commitment of $350 million from EnCap Flatrock Midstream and the Lucid II management team. Lucid II was formed by the team that leads its successful predecessor company, Lucid I, also backed by EnCap Flatrock. According to the press release, Lucid II is pursuing organic development projects and strategic acquisitions in other producing basins. The Locke Lord team consisted of Houston’s Bill Swanstrom, Mitch Tiras, Paul Pruett, Rachel Fitzgerald and Sara Longtain.
Posted March 1, 2016