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Trace Midstream

Company Summary

Description

Trace Midstream provides midstream solutions to producers with a focus on customer service, safety and operational excellence.

Website

https://tracemidstream.com/

Related Entities

Recent news

  • 9/28/2023 - Trace Carbon Solutions &... (subscriber access)
  • 5/3/2022 - Williams Closed on... (subscriber access)
  • 3/14/2022 - Williams & Quantum... (subscriber access)
  • 3/14/2022 - Williams Acquires... (subscriber access)
  • 2/3/2020 - Trace Midstream Merging... (subscriber access)

Company Transactions

Date: 5/15/2022
Type: Acquisition

BUYERS:
  • Williams Companies, Inc.
    • SELLERS:
  • Trace Midstream
  • Quantum Energy Partners
    • DETAILS:

    COST: 950 $MM

    NOTES:
    Williams has acquired Haynesville natural gas gathering and processing assets from Trace Midstream for $950 million. Trace is a portfolio company of Quantum Energy Partners. The deal will increase Williams G&P footprint in the region to 1.8 Bcf/d and 4 Bcf/d, respectively. Closing is planned for 2Q22.
    REGIONS:
  • Haynesville-Bossier Shale

    • Date: 2/3/2020
    Type: Merger

    BUYERS:
  • Gemini Midstream
    • SELLERS:
  • Trace Midstream
    • DETAILS:
    NOTES:
    Trace Midstream Partners will merge with Gemini Midstream Holdings and the firms will focus on expanding the 50-mile, 1.2 Bcf/d Gemini Carthage Pipeline to bring Haynesville gas to Carthage, Texas.
    REGIONS:
  • Haynesville-Bossier Shale