Align Midstream Partners II LLC, Dallas, has completed the TOPS pipeline and formed a joint venture in the pipeline with Sabine Oil & Gas Corp., a fully owned subsidiary of Osaka Gas USA Corp. TOPS is a 30-mile, 16-in. OD natural gas gathering pipeline in the Carthage, Tex., area with interconnections to bring Haynesville shale production to downstream markets.
The transaction marks Osaka Gas USA's first US midstream acquisition.
Align Midstream and Elevate Midstream Partners LLC, Houston, in 2019 combined their respective East Texas asset bases. Both companies are backed by Tailwater Capital (OGJ Online, Nov. 11, 2019).
Sabine Oil & Gas Holdings Inc. also in 2019 sold Sabine Oil & Gas Corp., to Osaka Gas USA, a subsidiary of Osaka Gas (OGJ Online, Dec. 3, 2019).