Trace Midstream secured an equity commitment of $400 million from Quantum Energy Partners to form Trace Midstream Partners II LLC, and its affiliate, Trace Carbon Solutions LLC.
The Houston-based company will focus on developing carbon capture and sequestration (CCS) assets and supporting midstream infrastructure across North America and will be led by David Dell’Osso as chief operating officer.
Prior to Trace II, Dell’Osso served as executive vice-president and chief operating officer for Parsley Energy until its merger with Pioneer Natural Resources. Prior, he spend 13 years with Southwestern Energy Co., most recently as senior vice-president and general manager of the Northeast Appalachia Division.
