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DTE Midstream

Company Summary

Description

DTE Midstream is the energy industry's trusted natural gas storage, pipeline and gathering provider across the Midwest, Appalachia, Northeast and Ontario. The company develops and constructs tailored infrastructure solutions for customers in order to achieve reliable, safe and cost-effective transport and storage of natural gas.  DTE Midstream operates highly reliable assets with one of the best safety records in the industry, while always seeking the best value solution for its customers.

Related Entities

Recent news

  • 10/27/2020 - DTE Energy Spinning Off... (subscriber access)
  • 7/29/2020 - DTE Midstream Flowing... (subscriber access)
  • 10/18/2019 - DTE Midstream Acquiring... (subscriber access)

Company Transactions

Date: 6/30/2021
Type: Acquisition

BUYERS:
  • DTE Midstream
    • SELLERS:
  • DTE Energy Company
    • DETAILS:
    NOTES:
    DTE Energy announced plans to spin-off its DTE Midstream business entirely, which covers their non-utility natural gas pipeline, storage and gathering assets. The move is a step towards transitioning into a "pure-play regulated electric and natural gas utility."
    REGIONS:
  • Marcellus Shale
  • Utica
  • Midwest
  • Haynesville-Bossier Shale

    • 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