Elevate Midstream Partners LLC, a full-service midstream company headquartered in Houston, Texas, US, has announced the acquisitions of Woodland Midstream Partners LP and the assets of Orion Pipeline LLC, which consist of gas gathering, treating and processing assets in east Texas.
The transaction was completed in partnership with Elevate's financial sponsor, Tailwater Capital, an energy-focused private equity firm based in Dallas, Texas.
Following the completion of the transaction, Elevate will own and operate more than 180 miles of active pipelines, 19 000 horsepower of compression, an 80 million ft3/d gas processing plant, and related dehydration and NGL stabilisation equipment.
The Woodland acquisition includes systems throughout both Texas and Louisiana, US, providing Elevate with an existing natural gas gathering, treating, compression and processing footprint. In conjunction with the transaction, select members of the Woodland management team will join Elevate.
Orion provides natural gas gathering, treating and compression services for production, also primarily from the Haynesville and Cotton Valley formations, in Western Panola and Eastern Rusk Counties in east Texas.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/20112018/elevate-midstream-acquires-gas-treating-and-processing-assets-from-woodland-and-orion/
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