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Momentum Midstream

Company Summary

Description

M3 Midstream LLC (“Momentum”) is an independent midstream energy company that provides oil and gas producers with flexible, responsive and reliable midstream services linking the wellhead to the market. Our core focus is the development of high quality greenfield projects that meet the emerging needs of our customers. This growth-oriented strategy has resulted in a history of consistent performance for all of our stakeholders, including producers, employees and investors.

Website

http://www.m3midstream.com/

Recent news

  • 1/13/2023 - M6 Midstream Awards... (subscriber access)
  • 11/2/2022 - Chesapeake Energy... (subscriber access)
  • 10/13/2022 - Momentum Midstream... (subscriber access)
  • 10/13/2022 - Momentum Midstream... (subscriber access)
  • 9/23/2022 - Momentum Energy Closes... (subscriber access)

Company Transactions

Date: 12/31/2019
Type: Acquisition

BUYERS:
  • DTE Midstream
    • SELLERS:
  • Momentum Midstream
  • Indigo Natural Resources LLC
    • ASSETS:
  • M5 Louisiana Gathering System
    • PROJECTS:
  • Louisiana Energy Access Project (LEAP) Gathering System
    • DETAILS:

    COST: 2.65 $B

    NOTES:
    DTE Midstream entered into a deal with Momentum Midstream and Indigo Resources to acquire a gathering system in the Haynesville Shale for $2.25 billion in cash and another $0.4 billion upon completion of the gathering line in the second half of 2020.
    REGIONS:
  • Haynesville-Bossier Shale

    • Date: 3/18/2019
    Type: Acquisition

    BUYERS:
  • Williams Companies, Inc.
    • SELLERS:
  • Momentum Midstream
    • ASSETS:
  • Utica East Ohio System (UEO)
    • DETAILS:
    NOTES:
    Williams has purchased the remaining 38% stake in the Utica East Ohio system from Momentum Midstream.
    REGIONS:
  • Utica