Lucid Energy Group
Lucid Energy Group is a privately held, Dallas-based midstream company founded in 2011 that delivers gathering, processing, and related midstream services to oil and natural gas producers, scaled historically through institutional capital and the acquisition of Agave Energy Company.
- Company typePublic
- Founded2011
- HeadquartersDallas, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Lucid Energy Group does
Lucid Energy Group is a privately held midstream energy company headquartered in Dallas, Texas. Founded in 2011 and operating with 101–250 employees, the company provides oil and natural gas producers with a range of midstream services spanning gathering, processing, and related infrastructure functions. Its executive team consists of energy-industry operators: Managing Partner & CEO Michael J. Latchem, MD & CFO Kyle Bebee, EVP & CFO Ryan Moss, SVP & Chief Accounting Officer Jim Howe, and SVP of Corporate Development J.B. Smith.
The company's growth has been capital-intensive and institutionally backed. Between February 2012 and May 2017, Lucid Energy Group completed at least five disclosed funding rounds totaling roughly $1.46 billion, blending equity from energy-focused private capital providers (EnCap Flatrock Midstream and Magnetar Capital) with debt facilities arranged through BBVA USA, Cadence Bank, and Wells Fargo Securities. In September 2016, the company extended its asset base through the acquisition of Agave Energy Company.
The business operates primarily through producer contracts for midstream throughput. No product-level service line breakdown, geographic footprint, or financial disclosure beyond the capital-raise history is available in the input data, and the company's public website (lucid-energy.com) currently displays a default hosting page rather than substantive corporate content. Operational data is sufficient to describe the company as an institutional-backed midstream operator, but is not sufficient to characterize current scale, customer mix, or recent momentum.
Lucid Energy Group firmographics
Firmographics- Name
- Lucid Energy Group
- Legal name
- Lucid Group
- Website
- https://lucid-energy.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Lucid Energy Group is a privately held, Dallas-based midstream company founded in 2011 that delivers gathering, processing, and related midstream services to oil and natural gas producers, scaled historically through institutional capital and the acquisition of Agave Energy Company.
- Ownership category
- akta.pro rank
Lucid Energy Group industry classification
Industry- Product category
- Oil and Gas Midstream Services
- NAICS
- Oil and Gas Extraction (211), Oil and Gas Extraction (2111)
- SIC
- Oil & Gas Field Services, Nec (1389), Pipe Lines (No Natural Gas) (4610)
- akta.pro primary industry
- Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)
Keywords
Where Lucid Energy Group is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Markets served
Lucid Energy Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Cosmos Model - Sub-$50,000 midsize EV |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
Lucid Energy Group product offering
Product offeringCore offering
Lucid Energy Group is a Dallas-based midstream company that provides oil and natural gas producers with a range of midstream services in the United States. Its offering centers on gathering, processing, and transporting crude oil, natural gas, and natural gas liquids from the wellhead to downstream markets via owned and operated pipeline systems and processing assets. The company has expanded its footprint through targeted acquisitions and senior debt financings over its operating history.
Differentiator
Problem solved
Functional benefit
Products and services
- Midstream services for oil and natural gas producers Integrated midstream offering covering the gathering, processing, and transportation of crude oil, natural gas, and natural gas liquids from upstream producing wells to downstream markets, delivered to U.S. oil and gas producers under long-term commercial agreements.
Quantifiable outcome
- Production ramp phase for Gravity SUV and upcoming sub-$50,000 midsize vehicles
- +1 more outcomes
Companies that use Lucid Energy Group
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles1 record
Lucid Energy Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Lucid Energy Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- NurocoreNuro provides Level 4 autonomy technology for Lucid's production-intent robotaxi being deployed through the Uber partnership. The autonomous vehicle is slated for deployment later in 2026.
Recent moves6 records
Expansion highlights2 records
Lucid Energy Group competitors and assessment
Company assessmentBroad incumbents
- Enterprise Products Partners: One of the largest publicly traded midstream operators in the US with a broad NGL, natural gas, crude, and petrochemicals network — a much larger incumbent offering overlapping midstream services to producers.
- ONEOK: Leading midstream service provider specializing in natural gas and NGL gathering, processing, and transportation — comparable business lines and producer customers, though at meaningfully larger scale.
- Williams Companies: Large-scale midstream operator with natural gas gathering, processing, and transportation infrastructure serving major US producing basins — overlaps with Lucid Energy Group's service offering and customer base.
- Plains All American Pipeline: Major publicly traded midstream operator focused on crude oil and NGL transportation, gathering, and storage — directly comparable midstream service categories though at significantly larger scale.
- Kinder Morgan: One of the largest energy infrastructure companies in North America with extensive natural gas, CO2, and products pipelines — broad incumbent competing in midstream services and producer customer relationships.
- Energy Transfer: Large diversified midstream and downstream operator with extensive pipeline, processing, and NGL infrastructure across major US producing regions — broad incumbent in the same midstream space as Lucid.
Direct peers
- Crestwood Equity Partners: Midstream partnership offering gathering, processing, NGL, and logistics services across US shale plays — comparable scale and midstream service mix to Lucid Energy Group.
- Western Midstream Partners: Midstream partnership providing gathering, processing, and transportation services to producers primarily in the Delaware and DJ basins — overlapping service offering and producer-customer base with Lucid Energy Group.
- EnLink Midstream: Integrated midstream provider offering gathering, processing, transportation, and marketing services to producers across multiple US basins — directly comparable in business model and customer base.
- Targa Resources: Major publicly traded midstream operator focused on natural gas and NGL gathering, processing, and transportation — directly comparable to Lucid Energy Group's midstream services business model and customer base (oil and gas producers).
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Lucid Energy Group social profiles
Digital presenceLucid Energy Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lucid Energy Group leadership team
Management profileNumber of profiles
Profiles5 records
Lucid Energy Group funding detail
Funding detailFunding overview
Funding rounds5 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lucid Energy Group M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lucid Energy Group
What does Lucid Energy Group do?
Lucid Energy Group is a Dallas-based midstream company that provides oil and natural gas producers with a range of midstream services in the United States. Its offering centers on gathering, processing, and transporting crude oil, natural gas, and natural gas liquids from the wellhead to downstream markets via owned and operated pipeline systems and processing assets. The company has expanded its footprint through targeted acquisitions and senior debt financings over its operating history.
Is Lucid Energy Group a public or private company?
Lucid Energy Group is a public company. It is classified as private equity controlled and is currently operating.
When was Lucid Energy Group founded?
Lucid Energy Group was founded in 2011. It employs 101 to 250 people.
Where is Lucid Energy Group based?
Lucid Energy Group is headquartered in Dallas, United States, in the North America region.
Who are Lucid Energy Group's main competitors?
Broad incumbents on record are Enterprise Products Partners, ONEOK, Williams Companies, Plains All American Pipeline, Kinder Morgan and Energy Transfer. Direct peers are Crestwood Equity Partners, Western Midstream Partners, EnLink Midstream and Targa Resources.
Does Lucid Energy Group have an API?
No public API is recorded for Lucid Energy Group.
What industry is Lucid Energy Group in?
Lucid Energy Group's product category is Oil and Gas Midstream Services. Its primary akta.pro industry code is EUALABAH, Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals). Its NAICS code is 211 and its SIC code is 1389.