William “Billy” Lemmons Jr., founder and managing partner of EnCap Flatrock Midstream, joined the Texas A&M Foundation Board of Trustees on July 1.
Lemmons, who resides in Boerne, Texas, earned his bachelor’s degree in petroleum engineering from Texas A&M University in 1984 and an MBA from Mays Business School in 1988.
“It was easy for me to say ‘yes’ when I was asked to serve in this role,” Lemmons said. “The Texas A&M Foundation plays a critical role in raising the necessary funds to fuel the world-class teaching and research happening at Texas A&M. Our university is very special, and our family has a deep passion for Texas A&M and the great things it contributes to make the world a better place.”
Born in Kingsville, Lemmons attended schools in Riviera, Texas, where he was active in sports, 4-H and FFA. As a freshman at Texas A&M, he earned a spot on the football team as a walk-on. He was also a member of the student chapter of the Society of Petroleum Engineers and held officer positions in the fraternity Phi Gamma Delta.
He and his wife, Angie ’84, met as undergraduates at Texas A&M. She graduated summa cum laude with a degree in accounting and worked in both public accounting and industry before dedicating her time and leadership skills to numerous nonprofits. The couple is proud to have three Aggie daughters: Hayley Lemmons McQuaid ’15, Kelsey Lemmons ’18 and Avery Lemmons ’22.
Lemmons and his business partners formed Flatrock Energy Advisors nearly 20 years ago, and in 2008 partnered with EnCap Investments to create a venture capital platform focused solely on pipelines and other infrastructure needed to serve the resurging domestic oil and gas industry. Today, EnCap Flatrock Midstream has 17 portfolio companies and manages four active funds aggregating just under $9 billion in institutional capital commitments.
“Mr. Lemmons’ experiences in the energy sector and as a fund manager of institutional capital will be additive to the great work being done by the Foundation, particularly as we look to continue enhancing our endowment performance,” said Tyson Voelkel, president of the Texas A&M Foundation. “We look forward to the role he will play in serving Texas A&M over the next seven years through his involvement on our Board of Trustees.”
Prior to Flatrock, Lemmons began his career in 1984 with Texas Oil & Gas Corporation, working as an engineer in both upstream and midstream roles. He joined Enron in 1992 and worked in business development positions, later leading the company’s worldwide associate/analyst program.
Lemmons has been consistently active in the Texas A&M community. He and his wife Angie are members of the A&M Legacy Society and are longtime benefactors to Texas A&M. They have established a faculty enrichment endowment in the Department of Petroleum Engineering and two endowed scholarships for students in the business school, one for undergraduate business students and one for MBA students. They have also supported student-athletes with a 12th Man Foundation 1922 fund endowment.
The couple has served as at-large representatives on the Leadership Council of The Association of Former Students, where they are Endowed Diamond Century Club Members. They are current members of the Lead by Example national campaign council and previously served on the MBA Program Advisory Board in Mays Business School. Lemmons also serves on the Board of Trustees of the George H.W. Bush Presidential Library Foundation.
“Angie and I love Texas A&M, and so many of the blessings that we count personally and professionally tie back to our Aggie experience,” he said. “We give back with our time and other resources as a way of continuing the tradition of ‘Aggies helping Aggies.’”
Outside of Texas A&M, Lemmons has played an active role in community groups and civic engagement. The couple actively supports several service organizations, including Hill Country Daily Bread Ministries, the Boerne Education Foundation and Family Legacy Ministries in Zambia.
Lemmons also serves on the board of directors of several EFM portfolio companies, including Caiman Energy II, Cardinal Midstream II & III, Moda Midstream and Nuevo Midstream Dos.
Texas A&M Foundation
The Texas A&M Foundation is a nonprofit organization that unites generosity and vision to raise and manage major endowed gifts that support the future of Texas A&M University.
Media contact: Molly Kulpa, mkulpa@txamfoundation.com or (979) 845-7463.
