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Evolution Midstream announces promotions and hires

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World Pipelines,

Evolution Midstream, LLC (Evolution), an independent midstream company focused on Wyoming's Powder River Basin (PRB) and backed by EnCap Flatrock Midstream, has announced three significant promotions and hires across its commercial and operations teams. Brandon Cowart, who previously served as Evolution's Chief Commercial Officer, has been promoted to Chief Executive Officer. Industry veteran Matthew Franzen has joined the company's leadership team as its Chief Operating Officer, and Alan Schroeder, previously Evolution's Director of corporate planning and development has been promoted to Vice President of commercial.

“The PRB is rapidly becoming one of the nation's pre-eminent oil and gas-producing regions and I am excited about the opportunity to lead Evolution as we execute our long-term strategic growth plans in the basin”, said Evolution CEO Brandon Cowart. “We are also extremely excited to have Matt join the Evolution team. He has a strong track record of building and operating gas gathering and processing assets and crude oil pipeline systems. His experience and leadership skills will play a vital role as we expand our assets and business.”

“I am excited to join the Evolution team,” said Mr. Franzen. “I look forward to making a meaningful contribution by continuing to ensure the timely and cost-effective buildout of new facilities.”

About Evolution Midstream, LLC

Based in Denver and founded in 2015, Evolution Midstream is an independent midstream company serving oil and gas producers operating in the Rockies. Evolution's subsidiary, Rowdy Pipeline LLC, owns and operates rich gas gathering system and a 40 million ft3/d processing facility in the core of the Powder River Basin. Evolution's vision of success is built on fostering strong, long-term relationships with all constituents and finding creative ways to create value for its customers. Evolution cultivates these relationships based on trust, creditability, accountability and fairness to ensure that all stakeholders are heard, valued and served. Capabilities include natural gas gathering, compression, treating and processing services; innovative NGL solutions; and crude oil gathering, transportation and storage. Evolution is backed by US$300 million in equity commitments from funds managed by EnCap Flatrock Midstream.

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