Align Midstream Partners II LLC, Dallas, and Elevate Midstream Partners LLC, Houston, have combined their respective East Texas asset bases. Both companies are backed by Tailwater Capital.
Effective immediately, Align, led by 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 volume of more than 300 MMscfd, the combination provides Align with added processing and compression capabilities, while diversifying its customer base by adding several East Texas producers who are active in both the Haynesville and Cotton Valley formations.
Concurrent with the closing of the transaction, Roger Fox and the management team of Elevate Midstream Partners will create Elevate Midstream Partners II LLC with a $150-million equity commitment from Tailwater to further capitalize on midstream asset acquisitions and greenfield buildout opportunities.