Voyager Midstream Holdings, a portfolio firm of Pearl Energy Investments, said on Tuesday it has acquired some natural gas gathering and processing assets from Phillips 66 to boost its presence in Haynesville shale.
Haynesville, located primarily in Louisiana and East Texas, contains large amounts of natural gas.
Houston-based Voyager said the assets are located in Panola, Rusk and Harrison counties in Texas and Caddo parish in Louisiana.
“We are committed to growing our infrastructure footprint in East Texas and North Louisiana and improving producer connectivity and netbacks,” Voyager CEO Will Harvey said.
Voyager did not provide the deal value.
The company said the acquisition also includes the Carthage hub, a natural gas trading and delivery hub which can handle over 1 billion cubic feet per day. The hub provides connectivity to multiple markets across the U.S., including access to LNG markets in Texas and Louisiana.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Shailesh Kuber)