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DTE Midstream Acquires Haynesville Midstream Assets from Momentum Midstream, Indigo Natural Resources

DTE Midstream Acquires Haynesville Midstream Assets from Momentum Midstream, Indigo Natural Resources Background Decorative Image

Vinson & Elkins advised Momentum Midstream in a transaction whereby DTE Midstream, a non-utility business of DTE Energy, will acquire a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana for a purchase price of $2.25 billion in cash, plus a $400 million milestone payment upon completion of the gathering pipeline in the second half of 2020, from Momentum Midstream and Indigo Natural Resources, the primary gas producer supplying the system.

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