Now in its third iteration as a Tailwater Capital portfolio company, Dallas-based Align Midstream continues to place its bets squarely on natural gas and the Haynesville. Align now has announced the completion of its 36-mile TOPS gas gathering line in the East Texas Carthage area that offers pipeline connections to downstream markets. The company reports TOPs will bolster its already active presence in the Haynesville. In addition, Align has formed a joint venture with Houston-based Sabine Oil & Gas to further develop TOPs. Sabine is a subsidiary of Japan’s Osaka Gas USA and marks that company’s inaugural U.S. midstream acquisition.
Align Midstream Partners is a Dallas-based midstream company focused on serving producers’ needs in emerging and established basins within the US. Align is concentrated on building greenfield midstream assets including gas, crude oil and water gathering pipelines, treating and gas processing plants, and salt water disposal wells in emerging basins.
Returning to Align’s active presence in the Haynesville, let’s take a look at where they’ve been and where they currently are.
Tailwater Capital in 2017 sold Align Midstream Partners I to Okla. City-based Enable for $300 million. That transaction included a 100 MMCFD cryogenic processing plant and 190 miles of natural gas gathering pipelines in East Texas and La.
Back for more, Align Midstream Partners II in 2018 constructed a gas gathering treatment and pipeline facility in the Haynesville to serve BP’s largest onshore drilling program. BP purchased its oil and gas assets there from BHP the same year.
As Align III, the company recently has added to its midstream infrastructure with the completion of an expandable 400 GPM amine system and a capacity of more than 200 MMSCFD of residue takeaway via NGPL and Gulf South pipelines.
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