# Pan Midstream Management

Pan Midstream Management is an Asset Manager based in Houston, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** Houston, TX, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** panmidstream.com

## Regulatory record

- **CRD number:** 326732
- **SEC file number:** 802-128100
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/326732

## About

PAN MIDSTREAM MANAGEMENT LLC is an exempt reporting adviser in HOUSTON, TX. It operates as an investment adviser.

## Sectors

- Energy Transition & Renewables
- Infrastructure

## People

- D. Mark DeWalch — President & Chief Executive Officer
- Steven A. Blank — Chief Financial Officer

## Questions

### How does Pan Midstream source and develop its projects?

The firm originates greenfield midstream projects internally, identifying bottlenecks in NGL takeaway, fractionation, and storage along the Texas and Louisiana Gulf Coast. It handles commercial negotiations, secures long-term customer contracts, and manages the permitting and construction process directly. This origination-heavy approach contrasts with aggregator models that acquire producing midstream assets through competitive auctions.

### Does Pan Midstream invest in upstream oil and gas production?

No. Pan Midstream avoids direct exposure to commodity price risk by staying downstream of the wellhead. Its assets focus on transportation, fractionation, storage, and terminaling of natural gas liquids, with revenues predominantly backed by long-term, fee-based contracts. This aligns with its backers' preference for infrastructure-like cash flows rather than exploration and production risk.

### Is Pan Midstream a fund manager, or does it operate its own assets?

Pan Midstream operates as a project development and operating company, not a blind-pool private equity fund. It builds and manages physical midstream assets directly, with operational control residing in its Houston office. This structure allows it to hold assets indefinitely, monetize them opportunistically, or bring in additional co-investors on a project-by-project basis.

### How does the firm's Brownsville project fit into its broader strategy?

The proposed Brownsville condensate splitter and export terminal represents a southward extension into deepwater-adjacent Gulf Coast export infrastructure. Condensate splitting and marine terminal access target growing international demand for light naphtha and other condensate-derived products, complementing Pan Midstream's existing NGL fractionation and pipeline assets further north in Texas City and East Texas.

## Related profiles

- [Calm River Capital](https://altss.com/profile/calm-river-capital-llc)
- [T. Sharp Wealth Management](https://altss.com/profile/t-sharp-wealth-management)

---

Last updated: 2026-08-14T12:30:00.000Z

Canonical page: https://altss.com/profile/pan-midstream-management-llc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology