Voyager Midstream Acquires East Texas Gas Gathering and Processing Assets From Phillips 66

Williams Acquires Haynesville Gathering and Processing Assets from Trace Midstream for $950M

March 14, 2022

Energy

Williams has agreed to acquire the Haynesville gathering and processing assets of Trace Midstream in a transaction valued at $950 million. The deal expands Williams' footprint and gathering capacity in the Haynesville basin, and includes a related long-term capacity commitment from Rockcliff and a joint-venture equity partnership with Quantum to support Williams' Louisiana Energy Gateway project.

Phillips 66 Acquires Pinnacle Midstream from Energy Spectrum Capital

May 20, 2024

Energy

Phillips 66 has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle Midstream II) from private equity firm Energy Spectrum Capital for $550 million to expand its natural gas gathering and processing footprint in the Midland Basin. The assets include the Dos Picos 220 MMcf/d processing plant, ~80 miles of gathering pipeline and 50,000 dedicated acres; the deal is expected to close mid‑2024 subject to customary conditions, including HSR clearance.

DTE Midstream Acquires Haynesville Gathering System and 36" Pipeline from Momentum Midstream and Indigo Natural Resources

October 22, 2019

Oil & Gas

DTE Midstream (a unit of DTE Energy) agreed to acquire a gathering system and a 150-mile, 36" gathering pipeline in the Haynesville shale from Momentum Midstream and Indigo Natural Resources for $2.25 billion in cash plus a $400 million milestone payment. The assets include an existing 1.2 Bcf/d gathering system (expandable to 2 Bcf/d) and a pipeline under construction; both assets are supported by long-term contracts and provide DTE enhanced access to Gulf Coast and Louisiana gas markets. The transaction was approved by DTE's board, expected to close in Q4 2019, and was reported as officially closed on December 4, 2019.

Aethon Energy Management Acquires Tellurian's Upstream and Midstream Assets

July 1, 2024

Energy

Aethon Energy Management LLC has completed the acquisition of Tellurian Inc.'s integrated upstream and midstream assets, expanding Aethon's Haynesville Shale position to ~375,000 net acres with over 3 Bcf/d of gathering and treating capacity. Concurrently, Aethon signed a heads-of-agreement for 2 mtpa of LNG from Tellurian's Driftwood project; financial and legal advisors included Citi, Truist Securities, Gibson Dunn, Lazard and Akin Gump.

Enterprise Products Partners Acquires Navitas Midstream

February 17, 2022

Energy

Enterprise Products Partners L.P. completed the previously announced $3.25 billion acquisition of Navitas Midstream Partners, LLC, giving Enterprise a foothold for natural gas gathering, treating and processing in the Midland Basin. Navitas' assets include ~1,750 miles of pipelines and over 1 billion cubic feet per day of cryogenic natural gas processing capacity backed by long-term contracts.

Phillips 66 Acquires EPIC NGL (EPIC Y-Grade)

April 1, 2025

Oil & Gas

Phillips 66 completed the acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP (collectively "EPIC NGL") for approximately $2.2 billion in cash. The deal adds an NGL pipeline (~885 miles), two fractionators near Corpus Christi and purity distribution pipelines, expanding Phillips 66's Permian-to-Gulf Coast midstream footprint and connectivity to refiners, petrochemical customers and export markets.