2 Major Investors in Caiman Energy II Looking to Cash Out

Caiman Energy II is an interesting midstream (pipeline & processing plant) company. Caiman is part of a spaghetti mix of intertwined midstream operators in the Marcellus/Utica. Caiman is related to (backed by) Williams, and Caiman is the operator of Blue Racer Midstream. In April 2012, Caiman sold their West Virginia assets (Caiman “I”) to Williams for $2.5 billion. These days, via Blue Racer, Caiman is focused on the Ohio Utica. The news that recently caught our eye is that two of the investors in Caiman Energy II are interested in selling their ownership stake. Not Williams, which remains the primary investor–but EnCap Flatorck Midstream and Oaktree Capital want out…

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