Last checked at 
By David French
Buyout firms EnCap Flatrock Midstream and Oaktree CapitalGroup LLC own a significant minority position in CaimanEnergy II, with Williams controlling the majority, according tothe sources.
Caiman Energy II owns half of Blue Racer Midstream, anetwork of pipelines which moves natural gas in the Utica andMarcellus shale formations. Dominion Energy Inc is theother partner in that venture.
A sale process that will result in EnCap Flatrock andOaktree exiting their investment in Caiman Energy II iscurrently ongoing, according to the sources, who spoke oncondition of anonymity as the information is not public.
The deal is expected to be worth between
EnCap Flatrock and Oaktree declined to comment. Barclays andCitigroup did not immediately respond to requests for comment.
Caiman Energy II was formed in 2012. In December that year,it announced it was forming Blue Racer Midstream, the
