EFM is guided by a disciplined and persistent approach to value creation through the rigorous application of intellectual and financial capital and the investment fundamentals that have guided our firm for more than 30 years. The firm manages the EnCap Flatrock Midstream Funds I, II, III and IV, which together have approximately $9 billion in capital commitments from a broad range of prestigious institutional investors.
For every $1 spent by oil and gas producers on the upstream side, we believe that an expenditure of at least $0.15 to $0.35 is necessary to provide the traditional midstream infrastructure required to condition and deliver product from the wellhead to market. Over the past five years, more than $300 billion has been spent in the U.S. midstream sector for organic growth projects and acquisitions/dropdowns. This is a trend that is expected to continue into the future, representing a compelling opportunity set for midstream investment. EFM is also exploring opportunities to participate in the transition to a lower-carbon future, including blue and green hydrogen, renewable natural gas and carbon capture.
For comprehensive information about EFM, including analysis of the midstream opportunity set, material on the EFM management team, approach and more detail on current and realized portfolio companies, please visit www.efmidstream.com.