Dallas-based midstream company Align Midstream Partners II and Houston-based Elevate Midstream Partners have combined their respective East Texas asset bases in a move that will expand Align’s footprint in the region substantially.
Both of the companies are backed by Tailwater Capital, an energy-focused private equity firm based in Dallas.
Align will assume operatorship of the combined asset base, which adds more than 180 miles of active pipeline to its existing footprint across Panola, Rusk and Harrison counties and gives Align an average volume of more than 300 million standard cubic feet per day.
The combination will provide Align with additional processing and compression capabilities, while diversifying its customer base by adding several marquee East Texas producers who are active in both the Haynesville and Cotton Valley formations.
“We are excited about this combination and the opportunity to extend our platform in an area of the basin we know
