ArcLight to acquire Haynesville gas gathering system

BOSTON — ArcLight Capital Partners LLC and Cutlass Energy Partners LLC’s affiliate Saber Midstream LLC have entered into an agreement with an undisclosed seller to acquire a natural gas gathering system in the Haynesville basin of Louisiana and Texas. The parties anticipated closing the transaction at press time, subject to certain conditions and regulatory approval. The transaction will be supported by a long-term gathering agreement that includes an acreage dedication and minimum volume commitment from an upstream affiliate of the seller.

The system is located in Caddo Parish, Louisiana, and Harrison County, Texas, in an area of the Haynesville Shale play with increasing rig activity and growing production. It is well situated to access transportation to supply large markets in Louisiana and Texas, including growing LNG export markets.

For more information, visit www.arclight.com or www.cutlassenergy.com.