Momentum Midstream LLC has purchased an East Texas operating business from Midcoast Energy LLC, a subsidiary of ArcLight Energy Partners Fund VI LP.
The East Texas business consists of an East Texas Haynesville-to-Gulf Coast midstream business that provides in-basin gathering, processing and treating, as well as transportation to end-markets, including the U.S. Gulf Coast.
“The East Texas Business plays an important role providing domestic and international markets access to clean, affordable, and reliable energy resources produced in the Haynesville,” comments Dan Revers, founder and managing partner of ArcLight. “ArcLight is excited to see it continue to grow under the ownership of the experienced team at Momentum Midstream.
Jefferies LLC served as financial advisor and Latham & Watkins LLP as legal advisor for Midstream.