Located in the heart of the Bakken and Three Forks shale oil plays, Caliber Midstream provides a full suite of innovative solutions to the challenges of unconventional resource development: Natural Gas gathering, produced and fresh water transportation. Caliber Midstream is an independent, growth-oriented energy infrastructure company that provides a full suite of midstream services to producers i
n the Bakken and Three Forks shale oil plays. We are focused on developing innovative, cost-effective and efficient solutions developed synergistically, to handle a producer's molecules, not just their hydrocarbons. Caliber's services include crude oil and natural gas gathering, transportation, treating and processing; produced water transportation and disposal in Caliber operated injection wells; and freshwater sourcing and transportation by pipeline linked to various points of supply, including Western Area Water Supply Pipeline. Caliber's initial asset base is strategically located in McKenzie County, North Dakota — in the heart of the developing, economically-established Bakken and Three Forks shale oil plays. Caliber is led by a customer-focused and experienced management team with a unique and proven blend of technical, commercial, financial, land and regulatory experience. Funded in October 2012, the company is a joint venture supported by an initial total of $180 million in equity capital contributions from First Reserve and Triangle Petroleum Corporation (NYSE MKT: TPLM). Caliber is a long-term vision for both First Reserve's Energy Infrastructure Fund and Triangle who envision making additional capital contributions as Caliber continues to grow. With more than $23 billion in aggregate capital raised over 30 years, First Reserve is the oldest and largest global private equity firm focused exclusively on energy. Caliber's affiliation with First Reserve provides a long-term and ongoing source of capital from a highly regarded and well established financial partner in addition to access to the firm's large industry network.
