Renegade Infrastructure Secures First Equity Commitment from Energy Spectrum
Renegade Infrastructure LLC (“Renegade”), an independent energy company based in Houston, is thrilled to announce the closing of its inaugural equity capital commitment. This marks a significant milestone in the company’s formation, with support from Energy Spectrum Partners VIII LP (“Energy Spectrum”) and management. Established in late 2024, Renegade focuses on developing and acquiring midstream energy infrastructure for oil and gas producers operating in various basins across North America. The company aims to build upon existing opportunities, including organic greenfield projects, acquisition possibilities, and strategic partnerships, with particular emphasis on the Lower 48 U.S. region.
Renegade’s strategic approach is grounded in its founder’s extensive experience and its management team’s exceptional capabilities. Drew Ward, the company’s Founder & CEO, has a proven track record of success in the midstream energy sector. Most recently, Ward co-led the successful development and divestiture of Pinnacle Midstream II, LLC’s Midland Basin midstream platform in July 2024 and Pinnacle Midstream I, LLC’s western Delaware Basin midstream platform in 2018. These accomplishments highlight his ability to lead and create significant value within the energy industry.
Founder & Executive Management Team
Renegade’s leadership team is assembled with seasoned industry veterans who bring extensive experience and deep relationships within the energy sector. At the helm is Founder and CEO Drew Ward, who has spent 17 years in the industry building value across multiple energy companies. Ward’s experience spans companies such as Crosstex Energy, Kinder Morgan, Twin Eagle Resource Management, and Pinnacle Midstream. His leadership in developing midstream assets and monetizing private equity-backed midstream companies sets Renegade up for continued success.
Joining Ward as a Partner is Jason Tanous, who takes on the role of Chief Financial Officer (CFO) at Renegade. Tanous, who brings 18 years of industry and financial management experience, previously served as CFO at Pinnacle Midstream I & II. Before his tenure at Pinnacle, Tanous co-founded PSI Midstream, a private equity-backed midstream startup, where he held several key financial roles. His strong background in midstream financial operations will be crucial to Renegade’s continued growth and development.
In addition to Ward and Tanous, Renegade has appointed J. Greg Sargent as Senior Advisor to the Renegade Board of Managers. Sargent is a respected figure in the energy industry, having founded and served as CEO of Pinnacle Midstream and Transtex Gas Treating. His expertise and vast network of industry contacts will be invaluable to Renegade’s success moving forward.
Founder & CEO Perspective
Drew Ward, Renegade’s Founder and CEO, shared his enthusiasm about the partnership with Energy Spectrum and his vision for the company. “I am excited to partner with Energy Spectrum for the second consecutive time,” Ward said. “Our leadership team has a proven track record of developing safe, timely, and cost-effective midstream solutions in premier oil and gas regions across the U.S. Serving all commodities, we believe our team’s deep expertise and long-standing industry relationships position Renegade to build a successful midstream company. We are committed to delivering exceptional service to our customers and creating value for all our stakeholders.”
Ward’s confidence in the company’s potential is rooted in his team’s deep industry knowledge, problem-solving capabilities, and commitment to delivering results. Renegade’s strong foundation in both management experience and strategic industry relationships positions the company to navigate complex energy markets and successfully execute midstream infrastructure projects.
From Energy Spectrum Capital
Energy Spectrum Partners, a leading private equity firm focused on energy investments, is equally excited about the partnership. Mike Mayon, Managing Partner of Energy Spectrum, expressed his confidence in Renegade’s management team. “The foundation of a great company starts with its management team, and we are thrilled to establish another partnership with Drew, Jason, and the entire Renegade team,” said Mayon. “The team’s creativity and solutions-oriented approach are key differentiators. Renegade’s leadership has consistently demonstrated its ability to execute on complex midstream projects, and we believe the company will continue to build upon this strong track record. We are grateful for this partnership and look forward to the journey ahead.”
Energy Spectrum’s confidence in Renegade stems from the team’s deep operational and strategic capabilities. The firm has a long history of backing companies that excel in the energy sector, and Renegade’s innovative approach to midstream energy infrastructure aligns well with the firm’s investment philosophy. With Energy Spectrum’s support, Renegade is poised to make significant strides in the energy sector.
Renegade’s Vision for the Future
Renegade Infrastructure’s focus on midstream energy infrastructure reflects the growing demand for efficient and reliable energy transportation solutions. The company’s strategy centers on creating long-term value through a combination of organic greenfield projects, strategic acquisitions, and key partnerships with oil and gas producers. Renegade aims to become a leader in the development and operation of midstream infrastructure that enables the efficient movement of energy resources across North America.
The company’s targeted expansion within the Lower 48 U.S. region, a key area for U.S. oil and gas production, positions Renegade to capitalize on the ongoing demand for midstream solutions in the nation’s most active energy-producing regions. With its focus on safe, timely, and cost-effective project execution, Renegade is poised to meet the evolving needs of the energy industry while delivering value to its investors and stakeholders.
The company’s leadership, with its wealth of experience in both operational management and strategic financial oversight, has a clear vision for Renegade’s future. Renegade’s ability to leverage its industry relationships and deep expertise will be essential as it seeks to build a portfolio of assets that provide stable cash flows and sustainable growth over time.
Strategic Approach to Industry Challenges
Renegade’s management team has long recognized the challenges faced by the energy sector, particularly in midstream infrastructure. As demand for oil and gas continues to rise, the need for efficient transportation solutions becomes increasingly critical. Renegade’s strategic approach aims to address these challenges head-on, offering innovative and cost-effective solutions to the energy market. The team’s experience in navigating these complexities gives them a unique advantage in delivering results for their customers and investors.
One of the company’s key strategies is to work closely with producers to develop customized solutions for transportation and infrastructure needs. Renegade’s focus on building relationships with oil and gas producers allows the company to create tailored, value-driven solutions that align with the unique requirements of each project. This collaborative approach is key to the company’s success in the competitive midstream sector.
Commitment to Stakeholders and Long-Term Growth
At the core of Renegade’s business strategy is a commitment to its stakeholders. The company aims to create value for all parties involved, from investors to customers to employees. Renegade’s long-term growth strategy revolves around careful planning, sound financial management, and a deep understanding of the energy sector’s ever-evolving needs.
By focusing on delivering exceptional service and building strong, lasting relationships, Renegade is set to position itself as a leader in the midstream energy space. The company’s leadership team is dedicated to driving operational excellence and financial success, with the goal of providing stakeholders with consistent returns and growth opportunities.
