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Canes Midstream
Canes Midstream operates midstream oil and gas assets in the Midland Basin, backed by EIV Capital and Trace Capital Management.
Canes Midstream
Canes Midstream was formed as a Dallas-based midstream company, backed by private equity firms EIV Capital and Trace Capital Management alongside internal management. Its founding year and exact ownership structure are not publicly disclosed. The firm provides gas gathering, processing, treating, and compression; condensate stabilization; crude oil gathering and storage; water gathering and disposal; and NGL transportation. Its assets are concentrated in the Midland Basin, part of the Permian Basin in West Texas, and include more than 796 miles of operating pipeline and five active natural gas processing plants. The firm’s team of seven professionals handles development of grassroots projects as well as acquisitions, optimization, and growth of existing assets. Canes Midstream operates solely from its Dallas headquarters. The team includes Scott Brown, Mike Hicks, Dan Westcott, Cande Smillie, Lawson Crain, Erik Isaac, and Tyler Laux. All professional roles are not publicly specified, and no additional offices, philanthropic structures, or adjacent vehicles have been disclosed. There is no verifiable recent activity from the last 24 months. The company is structured as a limited liability company with equity backing from two private investment firms and management. This three-party capital stack — EIV Capital, Trace Capital Management, and management — is typical of sponsor-backed midstream platforms but distinguishes Canes from standalone family offices. The firm does not disclose AUM or deployment data, making it functionally opaque for allocators assessing fund commitment capacity.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Dallas
Corporate office
2000 McKinney Ave., Suite 400, Dallas, TX 75201, United States
Principals
Scott Brown
Team Member
Mike Hicks
Team Member
Dan Westcott
Team Member
Cande Smillie
Team Member
Lawson Crain
Team Member
Erik Isaac
Team Member
Tyler Laux
Team Member
Sector focus
Frequently asked questions
Who runs investment decisions at Canes Midstream?
Canes Midstream lists seven team members on its website: Scott Brown, Mike Hicks, Dan Westcott, Cande Smillie, Lawson Crain, Erik Isaac, and Tyler Laux (per the firm). No specific titles, roles, or decision-making hierarchy are publicly revealed.
How does Canes Midstream source proprietary deal flow?
Canes Midstream states it develops grassroots midstream projects and acquires, optimizes, and grows existing assets (per the firm). Its deal sourcing likely relies on relationships with Permian Basin producers and sponsor networks, but no specific proprietary pipeline is disclosed.
Is Canes Midstream structured as a single family office or does it operate more like a midstream company?
Canes Midstream is a midstream oil and gas company structured as a limited liability company. It is backed by two private equity firms — EIV Capital and Trace Capital Management — plus management equity. It does not function as a family office.
What asset classes does Canes Midstream invest in?
Canes Midstream invests exclusively in midstream energy infrastructure. Its services include gas gathering, processing, treating and compression; condensate stabilization; crude oil gathering and storage; water gathering and disposal; and NGL transportation (per the firm). It does not invest outside oil and gas midstream.
Which sectors does Canes Midstream explicitly avoid?
Canes Midstream operates only in oil and gas midstream, focused on the Permian Basin's Midland Basin. It does not participate in upstream production, downstream refining, renewable energy, or any non-energy sectors.
Where does the underlying wealth come from?
Canes Midstream's capital comes from equity commitments by EIV Capital, Trace Capital Management, and its management team (per the firm). Individual wealth origins of these backers are not publicly disclosed.
Does Canes Midstream maintain philanthropic structures, and how are they separated?
No philanthropic structures, foundations, or charitable arms are publicly associated with Canes Midstream.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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