EnCap Flatrock Midstream Promotes Morriss Hurt to Managing Partner, COO

EnCap Flatrock Midstream (EFM) recently announced the promotion of Morriss L. Hurt, a founder of The Encino Group who joined EnCap Flatrock the same year as its launch, to managing partner and COO.

“Morriss joined EFM in 2008, representing our first commitment to adding energy finance professionals to our team,” EFM Managing Partner and Founder Billy Lemmons commented in a company release on Jan. 11.

Formed in 2008 by a partnership between private equity providers EnCap Investments LP and Flatrock Energy Advisors LLC, EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America.

Hurt, according to Lemmons, has contributed to the growth and success of EnCap Flatrock on every front since its formation. The firm currently manages funds with institutional capital commitments of approximately $9 billion, the Jan. 11 release said.

“In his new role, Morriss will continue as a valued investment decision-maker and oversee many of the aspects of the firm’s day-to-day operating functions,” Lemmons added in the release.

In a statement commenting on his promotion, Hurt said he was grateful for the opportunity to help lead the firm into the future adding that he was excited about the “EFM opportunity set.”

“Hydrocarbons remain essential to meeting current global energy demand,” he said. “As a result, we believe there is a strong opportunity set for continued investment in the midstream oil and gas sector.”

“Additionally, given the significant momentum behind the decarbonization of our energy systems,” he continued, “EFM is already applying our extensive experience to the development of midstream infrastructure beyond traditional hydrocarbons.”

Prior to joining EnCap Flatrock Midstream in 2008, Hurt was founder of The Encino Group, a boutique investment bank providing institutional quality financial advisory services for entrepreneur-owned companies where he raised growth capital for high-quality management teams and provided mergers and acquisitions, financial and strategic advisory services.

In addition to serving on EFM’s investment committee, Hurt also serves on the firm’s ESG committee and the Flatrock in action committee, which focuses on community service. He is a member of the board of directors of several EFM portfolio companies, including Cogent Midstream, Ironwood Midstream Energy Partners and Rangeland Energy III.

Additionally, Hurt serves as a member of the executive committee at The Children’s Shelter in San Antonio, where he is the chairman of finance and treasurer. He also is a children’s education instructor at Redeemer Presbyterian Church and a member of the investment committee at San Antonio Academy of Texas.