News

FORT WORTH, Texas – Haynesville gas gathering and treating provider Clearfork Midstream LLC (“Clearfork”) today announced that the company is proud to be the recipient of a Perfect Record Safety Award from the GPA Midstream Association for 2023. The award recognizes midstream companies with outstanding safety performance, hallmarked by no lost-time accidents during a year.

“This is the tenth time in 12 years that the GPA has recognized this field team for perfect safety and it’s the second consecutive year for Clearfork Midstream,” said Clearfork CEO Kipper Overstreet. “They are simply an outstanding team and it takes real consistency to make it through a build-out like we had for our recent expansions and not have any company or contractor safety incidents at our facilities.”

By achieving no lost time accidents in 2023, Clearfork joins a roster of 19 industry-leading midstream organizations that includes giants like ConocoPhillips, Hess Midstream, and Plains All American Pipeline.

Brent Worthy Joins Clearfork as Chief Financial Officer
Clearfork is pleased to announce that Brent Worthy has joined the company as chief financial officer. Mr. Worthy is a seasoned finance leader, whose career spans more than 15 years’ creating value for multiple organizations through finance strategy development, finance transformation, M&A and divestiture strategy and execution, and numerous operational improvement initiatives.

Prior to joining Clearfork, Mr. Worthy worked in senior financial consulting roles, serving as managing director in FTI Consulting’s Corporate Finance Practice (OCFO); managing director for BDO USA, building their restructuring practice for the SW region; and senior manager in Deloitte Consulting’s Finance & Enterprise Performance practice. Working for signature clients spanning a variety of industries, Mr. Worthy molded his vision for highly successful finance organizations, which he brings to Clearfork. Mr. Worthy holds a Bachelor of Business Administration in finance and accounting from the McCombs School of Business at the University of Texas at Austin and an MBA from the Cox School of Business at Southern Methodist University.

“We are very pleased to welcome Brent to Clearfork as CFO,” said Overstreet. “Brent brings Clearfork a strong background in finance and financial operations from his work with three of the most highly respected global financial consulting firms and their blue chip clients.”

About Clearfork Midstream
Formed in 2020 and based in Fort Worth, Clearfork is a growth-oriented midstream company that provides midstream solutions for natural gas producers in the Haynesville Shale formation. The company’s vision is to build long-term, mutually beneficial relationships with producers by offering reliable midstream services and a collaborative approach that maximizes the value of production. Clearfork’s services currently include natural gas gathering, treating, dehydration, compression, and transportation in North Louisiana and East Texas. Clearfork is backed by a $400 million equity commitment from EnCap Flatrock Midstream. For more information, please visit clearforkmidstream.com.

About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. EnCap Flatrock Midstream is based in San Antonio with offices in Oklahoma City and Houston. Since inception, the firm has managed investment commitments of nearly $10 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from its latest flagship fund, EFM V. For more information, please visit efmidstream.com.

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