Momentum in the Haynesville
Midstream is having a big moment these days to build, expand, and supply the infrastructure required to meet the challenges of an energy-hungry world. Now 10 years after the nation’s first LNG tanker set sail from the Gulf to birth a whole new industry, the digital era has birthed a whole new industry—both largely dependent on natural gas and the bones it needs to keep energy energizing them.
Reese Energy Consulting today is following the latest news from the Haynesville, the prettiest girl at the prom in terms of prolific natural gas resources and proximity to Gulf Coast LNG export terminals. Backed by EnCap Flatrock Midstream, Houston-based Momentum Midstream has steadily built a sizeable, perhaps enviable, footprint in East Texas and La., with 4,000 miles of gathering and transportation pipe and a system capacity of 6 BCFD. According to Oilprice.com, the company reports 20 BCFD in daily connectivity via 91 interconnections, and services 10 LNG-producing facilities and 26 power plants. Hardly a sack of potatoes in a fortuitous time.
For EnCap, the time appears now to consider the sale of Momentum while the LNG, AI-driven data center, and power utility frenzy heats up hotter than a ghost pepper with a fever. Sources report a deal could fetch as much as $5 billion.