Elevate Midstream to completed the Woodland and Orion acquisitions
Elevate Midstream Partners, LLC recently announced that it expanded its asset base with the acquisition of Woodland Midstream Partners, LP and Orion Pipeline, LLC.
Officials said the transactions would enhance Elevate Midstream’s capabilities in the realm of gas gathering, treating and processing in East Texas.
“We are pleased to complete the Woodland and Orion acquisitions,” Roger Fox, Elevate Midstream CEO, said.
“With assets strategically located in the core of the Haynesville and Cotton Valley formations and significant opportunities for continued growth and development across the combined company, Woodland and Orion provide a strong platform for Elevate and we look forward to growing our asset base as we continue to service our East Texas producers.”
The Woodland acquisition includes systems throughout both Texas and Louisiana, providing Elevate with an existing natural gas gathering, treating, compression and processing footprint. The Orion acquisition is a complementary asset base comprised of five systems providing additional scale and an opportunity to drive synergies across the combined platform.
“Since partnering with Elevate in October 2017, we have worked closely with Roger and his team to execute on the company’s growth strategy,” Joel Fry, a principal at Tailwater Capital, said. “These acquisitions are a prime example of Elevate’s commitment to identifying underutilized assets with the potential for growth through improved operational and business development initiatives and further strengthen Elevate’s growing platform.”
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