Growth Equity
Energy Spectrum Capital
Energy Spectrum Capital takes minority stakes in growing companies, usually without full control, from Dallas, Texas. It states a focus on energy & utilities.
Stated investment criteria
What Energy Spectrum Capital says it buys
Read from Energy Spectrum Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.
| People listed on its team page | 151 |
Source
A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Energy Spectrum Capital to consider any particular business, and nothing on this page is represented as being for sale.
Regulatory record
How Energy Spectrum Capital is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | SEC registered |
| Regulatory assets under management | $1.0bn |
| Employees | 16 |
| Private funds advised | 3 · $1.0bn gross |
| SEC adviser number | CRD 298553 |
Portfolio
Disclosed holdings
Companies Energy Spectrum Capital lists on its own website. No investment years are published. 1 has a recorded transaction against it in the deal archive.
| Company | Invested | Years held | Recorded transaction |
|---|---|---|---|
| Alberta Hub Joint Venture March 2017 | — | — | — |
| Allis Chalmers, Inc. / STRATA | — | — | — |
| Aspen Pipeline Fund II January 2012 | — | — | — |
| Aspen Pipeline January 2012 | — | — | — |
| Axip Energy Services | — | — | — |
| Axip Energy Services Compression September 2022 | — | — | — |
| Azure Midstream | — | — | — |
| Bayard Drilling Technologies November 1997 | — | — | — |
| Bluejack Energy Solutions | — | — | — |
| Bluewing Midstream | — | — | — |
| Bluewing Midstream Storage July 2015 | — | — | — |
| C J Energy Services July 2011 | — | — | — |
| CES Acquisition Corp. July 2015 | — | — | — |
| Caliche Development Partners | — | — | — |
| Canadian Midstream Services May 2001 | — | — | — |
| Caprock Midstream | — | — | $950m 2018 |
| Caprock Midstream II | — | — | — |
| Caprock Midstream November 2018 | — | — | — |
| Ceritas Energy Fund II | — | — | — |
| Ceritas Holdings June 2012 | — | — | — |
| Clear Creek Energy Services September 2011 | — | — | — |
| Clipper Windpower January 2007 | — | — | — |
| Costar Midstream October 2014 | — | — | — |
| Dornick Hills Midstream October 2006 | — | — | — |
| ESGEN | — | — | — |
| ESGEN Decarbonization April 2021 | — | — | — |
| Enerven Compression April 2008 | — | — | — |
| Falcon Gas Storage Company July 2005 | — | — | — |
| Forrest Drilling Company December 2010 | — | — | — |
| Frontier Field Services June 2017 | — | — | — |
| Frontier Midstream April 2011 | — | — | — |
| Frontier Midstream Solutions | — | — | — |
| Frontier Midstream Solutions Fund III | — | — | — |
| Frontier Midstream Solutions Fund IV | — | — | — |
| Frontier Midstream Solutions V | — | — | — |
| High Sierra Energy May 2012 | — | — | — |
| Hoover Energy Partners February 2014 | — | — | — |
| Kanata Energy Group | — | — | — |
| Lakewood Midstream | — | — | — |
| Laser Midstream Energy Company Fund II | — | — | — |
| Laser Midstream Energy Company May 2007 | — | — | — |
| Laser Midstream Energy Gathering & Processing | — | — | — |
| Liberty Midstream Services January 2016 | — | — | — |
| Library Ave Consulting | — | — | — |
| MV Midstream | — | — | — |
| Midstream Energy Services April 2013 | — | — | — |
| Nightpeak Energy | — | — | — |
| Nightpeak Energy Power June 2022 | — | — | — |
| Pinnacle Midstream II | — | — | — |
| Pinnacle Natural Gas Company March 2003 | — | — | — |
| Prism Midstream | — | — | — |
| Pueblo Midstream Gas Corporation September 2003 | — | — | — |
| Renegade Infrastructure | — | — | — |
| Rimrock Energy Partners Gathering & Processing | — | — | — |
| Rio Midstream Partners November 2015 | — | — | — |
| Santa Fe Midstream | — | — | — |
| Spectrum Field Services July 2004 | — | — | — |
| Spectrum Rotary Compression November 2001 | — | — | — |
| Stonehenge Energy Resources II | — | — | — |
| Stonehenge Energy Resources III | — | — | — |
| Stonehenge Energy Resources May 2012 | — | — | — |
| Sulphur River Gathering March 2002 | — | — | — |
| Taproot Energy Partners | — | — | — |
| Texas Energy Midstream July 2014 | — | — | — |
| The Seminole Group May 2004 | — | — | — |
| Tivoli Midstream Storage April 2023 | — | — | — |
| Tobin International March 2005 | — | — | — |
| TransEdge Energy October 2014 | — | — | — |
| Tristate Midstream Fund II III | — | — | — |
| Tristate Midstream November 2011 | — | — | — |
| Velocity Midstream Partners Fund II | — | — | — |
| Velocity Midstream Partners November 2011 | — | — | — |
| Vesta Midstream Partners | — | — | — |
Compiled from Energy Spectrum Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.
Recorded transactions
Buying and selling
Deals in which Energy Spectrum Capital is named as buyer or seller in the transaction archive. 3 recorded exits, most recently in 2024.
| Company | Side | Counterparty | Year | Consideration |
|---|---|---|---|---|
| Pinnacle Midstream | Sold | Phillips 66 | 2024 | $550m |
| Caprock Midstream LLC | Sold | EagleClaw Midstream | 2018 | $950m |
| Costar Midstream LLC | Sold | American Midstream Partners | 2014 | $470m |
Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.
Valuation context
Transaction values in Energy & Utilities
What companies have actually sold for in energy & utilities, across 584 recorded transactions.
The full energy & utilities picture - most active acquirers, recent transactions and every investor in the sector.
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Comparable investors
Similar mandates
Other growth equity investors active in energy & utilities.