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M3 Midstream LLC

Company Summary

Description

M3 Midstream is an independent midstream energy company that develops and operates significant greenfield oil and gas infrastructure for its producer customers.

Website

http://www.m3midstream.com/

Operational Regions

  • Utica
  • Marcellus Shale

Related Entities

Recent news

  • 10/21/2016 - DTE Energy Completes... (subscriber access)
  • 9/27/2016 - DTE Energy Acquiring... (subscriber access)

Company Transactions

Date: 10/20/2016
Type: Acquisition

BUYERS:
  • DTE Energy Company
    • SELLERS:
  • M3 Midstream LLC
  • Vega Energy Partners, Ltd.
    • ASSETS:
  • Stonewall Gas Gathering System
  • Appalachia Gathering System (AGS)
    • DETAILS:

    COST: 1.3 $B

    NOTES:
    The Company will be acquiring 100% of the Appalachia Gathering System and 40% of the Stonewall Gathering System from M3 Midstream. DTE will acquire a further 15% of the Stonewall System from Vega Energy Partners.
    REGIONS:
  • Marcellus Shale
  • Utica
  • Appalachia