One-Page Deal Sheet
Haynesville Focus Elevate, Align Midstream to Merge
Align Midstream Partners LP Elevate Midstream Partners LLC
Announced Date
November 11,2019
Transaction Type
Corporate
Location
Region
Ark-La-Tex
Country
United States
State
Texas
Play
Transaction Details: Require Private Equity Subscription
Align Midstream Partners II, LLC and Elevate Midstream Partners, LLC have announced the combination of their respective East Texas asset bases.
Financial terms were not disclosed.
Both companies are backed by Tailwater Capital.
Effective immediately, Align, led by industry veterans Fritz Brinkman and Matthew Osborn, will assume operatorship of the combined asset base, which adds more than 180 miles of active pipeline to its existing footprint across Panola, Rusk, and Harrison Counties.
With an average daily volume of more than 300 MMSCFD, the combination provides Align with added processing…
Ark-La-Tex Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-19-2022 |
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Click here | Texas | Midstream |
| Apr-01-2020 |
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Click here | Oklahoma | Midstream |
| Oct-18-2019 |
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Click here | Louisiana | Midstream |
| Nov-16-2018 |
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Click here | Texas | Midstream |
| Sep-13-2017 |
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Click here | Texas | Midstream |