Thursday, February 11, 2010

Energy Transfer to Buy Haynesville Gathering

Energy Transfer Partners, owner of the planned Tiger Pipeline, has acquired additional gathering and treatment assets in the Haynesville Shale from Tristate Midstream, LP.  Tristate is owned by a private equity company called Energy Spectrum.  The sale is for 120 miles of gathering lines representing 275 MMcf/day of capacity (map below) and treating facilities with a 480 MMcf/day capacity.  The gathering/treatment infrastructure will interconnect with the Tiger Pipeline, which is expected to be in service in 2011.

Tristate was founded in 2007 to acquire and build pipeline and treatment capacity.  Although financial terms weren't disclosed, it looks like a  pretty good deal for the company's financial sponsor Energy Spectrum.  Right place, right time.

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