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momentummidstream.com

About Momentum Midstream

Momentum is a midstream energy services company. The company provides midstream services, gathering, and treating services, including field and terminal tank storage, customizable pumping, condensate stabilization, truck unloading, and loading facilities. It is based in Houston, Texas.

Momentum Midstream Headquarter Location

600 Travis Street Suite 5600

Houston, Texas, 77002,

United States

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Latest Momentum Midstream News

Momentum Midstream to buy Midcoast Energy assets for $1.3 bln

Jul 15, 2022

Author of the article: Article content NEW YORK — Privately-owned Momentum Midstream has agreed to buy pipeline assets in the East Texas part of the Haynesville Shale from Midcoast Energy for $1.3 billion, including debt, people familiar with the matter said on Friday. We apologize, but this video has failed to load. Try refreshing your browser, or Momentum Midstream to buy Midcoast Energy assets for $1.3 bln Back to video Houston-based Momentum has been a prolific developer of pipeline companies, although it has been out of the market since 2019 when it sold its fourth and fifth projects to Williams Companies and DT Midstream respectively. Momentum’s acquisition of Midcoast’s assets is backed by funds from private equity firm EnCap Flatrock Midstream, the sources said. Advertisement 2 Article content Midcoast Energy is owned by another buyout firm, ArcLight Capital Partners. Reuters reported in April that Midcoast was hoping to sell assets for as much as $2 billion. Midcoast, ArcLight, Momentum and EnCap Flatrock all did not respond to comment requests. Energy pipelines have become more valuable since Russia’s attack on Ukraine in February drove up oil and gas prices to multi-year highs. Private equity firms, which own energy companies, are looking to cash in and divest such assets at high valuations. However, commodity price volatility is making it hard for buyers to meet the price expectations of sellers. The value of U.S. oil and gas acreage sold in the second quarter was down two-thirds on the same period last year, data provider Enverus said this week. Midcoast Energy operates a 3,625-mile (5,834 km) gathering and processing pipeline network that transports natural gas and natural gas liquids, as well as a marketing and logistics business, according to its website. ArcLight bought Midcoast Energy in 2018 for $1.1 billion from pipeline operator Enbridge Inc. It has since sold some of the original pipelines it acquired, including a deal in December to divest assets in Oklahoma to another private equity-backed midstream company. (Reporting by David French in New York; Editing by Josie Kao) Share this article in your social network Share this Story: Momentum Midstream to buy Midcoast Energy assets for $1.3 bln

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  • Where is Momentum Midstream's headquarters?

    Momentum Midstream's headquarters is located at 600 Travis Street, Houston.

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