New Focus Area In The Haynesville Shale
Trace Midstream and Gemini Midstream, each a portfolio company of Quantum Energy Partners, announced the combination of management teams to focus on the continued growth and expansion of the Gemini Carthage Pipeline, an existing 50-mile natural gas system in Harrison and Panola Counties, Texas, capable of delivering in excess of 1.2 billion cubic feet per day (bcf/d) of high pressure, dry natural gas into the Carthage area.
Trace Midstream Receives $200 Million Equity Commitment
Trace Midstream Partners, LLC announced it has received equity commitments in excess of $200 million from Quantum Energy Partners, management, and other private investors. Trace will pursue natural gas, crude, and water midstream solutions in various basins throughout North America, focusing initially on the Eagle Ford Shale in South Texas.