Clearfork Midstream to acquire Azure Midstream Energy

Clearfork Midstream LLC, Fort Worth, Tex., has agreed to acquire Azure Midstream Energy LLC.

Azure Midstream’s natural gas gathering and treating platform spans core areas of the Haynesville shale formation and includes more than 500 miles of pipeline and 1.2 bcfd of treating capacity across systems in North Louisiana and East Texas. Azure Midstream has nine downstream interconnects offering access to major market hubs, including Henry Hub, Houston Ship Channel-Katy, Carthage, Columbia Gulf Mainline, Perryville, and Agua Dulce (via TETCO and NGPL).

Clearfork was formed in 2020 to provide midstream solutions for oil and gas producers with a specific emphasis on unconventional natural gas production in the Haynesville-Bossier shale formation. It is backed by a $400 million equity commitment from EnCap Flatrock Midstream.

The deal, subject to regulatory approvals, is expected to close in this year’s first quarter.