Producers and midstreamers this week are gassing up their acquisition tanks in the Haynesville. With 32 rigs at work, gathering and processing projects in full swing, and production expected to grow exponentially this year, operators are no doubt humming Jumpin’ Jack Flash.
Reese Energy Consulting is following the latest news from the Haynesville, where a trifecta of PE-backed portfolio companies, private producers, and one pipeline giant continue the buzz of M&A activity in the region’s superstar gas play.
We highlight one of those headlines today from Tulsa-based Williams, which operates the Louisiana Energy Gateway System (LEGS), consisting of 591 miles of gathering pipe with compression and treating, and system capacity of 1.8 BCFD. Now, Williams’ LEGS is set to grow a lot longer.
In a near $1 billion deal, the company will acquire Houston-based Trace Midstream’s Haynesville gathering and processing assets, bringing Williams’ gathering capacity there to 4+ BCFD. The added three pipelines and numerous treating and dehydration facilities will support Williams’ Transco system to deliver supplies to the Northeast, as well as to Gulf Coast LNG markets. What do you think? Learn more about REC and our range of natural gas and LNG services at www.ReeseEnergyConsulting.com.