Elevate Midstream Partners Inks 8-Year Gas-Gathering, Treatment Deal With Sabine Oil & Gas Corp.
By DJ Slater20 August 2019
Elevate Midstream Partners, a full-service midstream company based in Houston, Texas, has signed an eight-year gas gathering and treating agreement with Sabine Oil and Gas Corp., a Haynesville producer in Harrison and Panola counties in Texas.
Elevate will build 19 miles (30.5 km) of 16 in. (406.4 mm) gas-gathering pipelines as well as associated laterals, including amine, dehydration and compression facilities in the Carthage area with interconnections to downstream markets. The system improves Elevates existing base in the area and supports producers moving gas to other markets from the Carthage hub.
Elevate’s financial sponsor, Tailwater Capital – an energy focused private equity firm in Dallas, Texas – helped complete the transaction.
“We are pleased to announce the execution of this agreement with Sabine and commencement of this project,” said Roger Fox, chief executive officer of Elevate. “With our existing assets strategically located in the core of the Haynesville and Cotton Valley formations, this new pipeline will both expand our footprint and provide access to the competitive Carthage hub markets for our customers.
“We are delighted that Sabine, our anchor customer, has entrusted us to build our pipeline and continue to service their ambitious needs,” he said. “We will be looking to similarly assist other customers in the region to connect, via our pipeline, to more favorable markets that ultimately will access the increasing Gulf Coast demand.”