Sign up to get PRNs top stories and curated news delivered to your inbox weekly! All rights reserved. It's a New Day for Producers in the Haynesville Shale. For more information, please visitefmidstream.com. 1826 North Loop 1604 West All rights reserved. "Chip" Berthelot, II, who brings a two-decade record of successful deals with over $2 billion in assets transacted. Azure was founded in 2012 by veteran industry professional, I.J. As part of these expansions, Clearfork plans to build new interconnects for additional takeaway capacity and downstream market optionality for customers. Clearfork has executed several new commercial agreements, including two separate producer agreements with minimum volume commitments to support significant expansion projects, including: A 700 million cubic feet per day (MMcf/d) expansion of treating capacity on Clearforks Holly System, which will bring the total Holly treating capacity to approximately 1.3 billion cubic feet per day (Bcf/d) during the first quarter of 2023; and. KATY, Texas, Feb. 22, 2022 /PRNewswire/ --Azure Midstream Energy ("Azure Midstream"), a natural gas midstream company operating in North Louisiana and East Texas, announced today that it has closed on its sale to Clearfork Midstream. bevo@redbirdpr.com, Internet Explorer presents a security risk. Skip to main content 24-Hour Emergency Hotline (903) 935-2333; Menu. For more information about Mr. Berthelot's next venture, please visit: http://www.laser3.com. LA Rextag database of energy infrastructure assets. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Meritorious Awards for Engineering Innovation (MEAs), Meritorious Awards for Engineering Innovation (MEA), Clearfork Midstream to Expand Haynesville Gas System in North Louisiana, Clearfork Midstream Adds Will Page as CFO, Victor Davis as VP of Ops. Find info on Utilities companies in Grand Cane, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. Clearfork is backed by a $400 million equity commitment from EnCap Flatrock Midstream. Secured an initial capital commitment from EnCap Flatrock Midstream LLC. Theres more on the way. The companys vision is to build long-term, mutually beneficial relationships with producers by offering reliable midstream services and a collaborative approach that maximizes the value of production. Compressor mechanic. Clearfork is also permitting an additional increase of treating capacity across its Holly System that could utilize Clearforks existing assets to bring total Holly treating capacity from 1.3 Bcf/d to approximately 1.8 Bcf/d in 2023, subject to commercial demand. KATY, Texas, Feb. 22, 2022 /PRNewswire/ -- Azure Midstream Energy ("Azure Midstream"), a natural gas midstream company operating in North Louisiana and . (609-mm) diameter pipeline to the east side of the Red River in northeast Red River Parish, Louisiana. Clearfork Midstream Energy, LLC. Your IP address is listed in our blacklist and blocked from completing this request. More. These projects include adding new compression capacity and debottlenecking treating facilities to increase capacity and utilization. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. We know our customers put their trust in us to be a dependable partner and a reliable operator, so weve also invested heavily in making operational improvements to support our uptime targets. Clearfork Midstream Energy, LLC Grand Cane, Louisiana United States $30.19M Related Industries Try D&B Hoovers for Free See how easy it is to find qualified sales leads that align to your target markets and be better prepared to engage with decision makers so you can win their business every time with the new D&B Hoovers. Get email updates for new Mechanic jobs in United States. New large-diameter gathering pipelines stretching east across the Red River and west into the Spring Ridge area to serve new and existing customers production growth. Looking beyond these expansion projects, Clearfork also owns idle amine treating assets that could, when paired with additional commercial activity, further increase treating capacity to bring the total treating capacity across Clearforks Holly System to approximately 1.8 Bcf/d in 2023. Clearfork has executed several new commercial agreements, including two separate producer agreements with minimum volume commitments to support significant expansion projects, including: a 700 million cubic feet per day (MMcf/d) expansion of treating capacity on Clearforks Holly System, which will bring the total Holly treating capacity to approximately 1.3 billion cubic feet per day (Bcf/d) during the first quarter of 2023; and. Address: 8451 Highway 175 Grand Cane, LA, 71032-6125 United States See other locations Phone: Employees (this site): Modelled Employees (all sites): In February 2022, Clearfork acquired Azure Midstream Energy, which consists of natural gas gathering and treating assets that span across the core areas of the Haynesville Shale formation. Read More. 930 W. 1st Street, Suite 400 These sources may not be accurate, complete, or up-to-date. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Fort Worth, Texas 76102 , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. In connection with a long-term acreage dedication finalized in August 2022, Clearfork is expanding the footprint of its Holly System by constructing a 24-inch diameter pipeline to the east side of the Red River in northeast Red River Parish, Louisiana. Clearfork Midstream is a Fort Worth, Texas-based midstream company primarily focused on the development of natural gas gathering, treating, and transportation assets in the Haynesville/Bossier shale. Formed in 2020 and based in Fort Worth, Clearfork is a growth-oriented midstream company that provides midstream solutions for oil and gas producers in basins across North America. 5049 Edwards Ranch Rd, Floor 4 5049 Edwards Ranch Rd, 4th Floor When expanded it provides a list of search options that will switch the search inputs to match the current selection. View competitors, revenue, employees, website and phone number. Suite 200 There is currently no press for this company. EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. Long-term Success. EnCap Flatrock Midstream is currently making commitments to management teams from EFM Fund IV, a $3.25 billion fund. 720.666.5064 mbevo@redbirdpr.com, 930 W. 1st Street, Suite 400 Formed in 2020 and based in Fort Worth, Clearfork is a growth-oriented midstream company that provides midstream solutions for natural gas producers in the Haynesville Shale formation. Clearfork Midstream Dec 2014 - Present8 years 8 months Grand Cane, Louisiana, United States Office Manager Azure Midstream Dec 2014 - Feb 20227 years 3 months shreveport, louisiana. Redbird Communications The information contained in this company profile is compiled from third party sources, including but not limited to public records, user submissions, and other commercially available data sources. Let us know. United States, Clearfork Midstream Bags First Deal after $400 Million Equity Commitment, This content is locked until you subscribe. See this company's likelihood of paying its bills in a severely delinquent manner (90+ days late) in the next 12 months. From the website: Clearfork Midstream is a growth-oriented midstream company that provides midstream solutions for oil and gas producers in East Texas and North Louisiana. Laser has reloaded with longtime private equity partner, Energy Spectrum, and is "hitting the ground running" in pursuit of both acquisitions and gas infrastructure development deals. Fort Worth-based newcomer. The Shelby System services producers in East Texas with operations in Nacogdoches, San Augustine and Shelby counties. O: (281) 829-4901 Moody's Analytics makes no representations or warranties regarding, and assumes no responsibility for, the accuracy, completeness, or currency of the information contained herein. Clearfork Midstream LLC (Clearfork) has signed new producer-customer commercial agreements and treating capacity expansions on its Holly System in North Louisiana. The Shelby System services producers in East Texas with operations in Nacogdoches, San Augustine and Shelby counties. Edmond, OK 73013 On the west side of the Holly System, Clearfork is constructing a 16-inch diameter pipeline that will expand Clearforks capacity in the Spring Ridge area in Caddo Parish, Louisiana, to service expected customer production growth in 2023. These expansions strengthen our position in the Haynesville, where we remain focused on deploying growth capital and developing the infrastructure needed to serve our customers needs. and Compression Capacity in North Louisiana. We are hard at work making our midstream infrastructure better able to serve your needs. Energy news, analysis, interviews, and exclusive coverage you need to keep your industry edge. Were pleased to announce these new commercial agreements and expansion projects on our Holly System, which provides our Haynesville producer customers with access to premium downstream markets, said Clearfork CEO Kipper Overstreet. O: (405) 341-9993, 1330 Post Oak Blvd. For more information, please visit clearforkmidstream.com. Cision Distribution 888-776-0942 , . Our systems nine physical residue gas interconnects with major pipeline systems include: Acadian Gas, Gulf South, ETC Tiger Pipeline, Line CP, Regency Intrastate Gas (RIGs), EnLink LIG, TETCO and NGPL. Clearfork is backed by a $400 million equity commitment from EnCap Flatrock Midstream. The team is now positioned to solely focus on Laser Midstream Energy, LLC, the latest entrepreneurial undertaking cofounded by Mr. Berthelot and team. Company Poised to Build on Decade of Growth with New Leadership Team. Fort Worth, Texas-based Clearfork Midstream formed in 2020 to provide midstream solutions for oil and gas producers in basins across North America, with a specific emphasis on unconventional natural gas production in the Haynesville/Bossier Shale formation in North Louisiana and East Texas. Formed in 2020 and based in Fort Worth, Clearfork is a growth-oriented midstream company that provides midstream solutions for natural gas producers in the Haynesville Shale formation. Clearfork is expanding the footprint of its Holly System by constructing a 24-in. Utilities Companies in Grand Cane, Louisiana, United States of America. Investment banking firm Jeffries served as sole financial advisor and Porter Hedges LLC served as corporate counsel to Azure Midstream. Clearfork Midstream Energy, LLC is in the Electric Services business. 720.666.5064 m San Antonio Office. "I am deeply grateful to our investors, team and other stakeholders who supported us through this challenging decade for the industry," said Mr. Berthelot. Suite 1150 Clearfork Midstream partnered with EnCap Flatrock Midstream ("EFM") for the transaction. 3 min read. (682) 348-7500info@clearforkmidstream.com, Clearfork Boosting G&P on Holly Haynesville System on Strong Customer Demand. Jan 19, 2022 A midstream natural gas company based in Katy agreed to be acquired by a newer midstream company that has backing from EnCap Flatrock Midstream. Concurrently, also, Clearfork Midstream recently signed agreements to support significant buildout projects in the Haynesville Shale including expansion, Clearfork addedtwo senior management professionals to its leadership team, as well as began optimization projects and securedtwo. All rights reserved. Our commercial and operational teams have been instrumental in building relationships with our customers in accordance with our core values. The acquisition is expected to close during the first quarter of 2022, Clearfork Midstream said. We know our customers put their trust in us to be a dependable partner and a reliable operator, so weve also invested heavily in making operational improvements to support our uptime targets. The transaction is subject to standard regulatory approvals and is expected to close during the first quarter of 2022. Ownership: Private, Sales Range: $5,000,000 to $9,999,999 2023 Clearfork Midstream. Each user is limited to a single free trial. (682) 348-7500info@clearforkmidstream.com. Terms of the sale were not disclosed. By signing up you agree to receive content from us. The Holly System services producers in Caddo, De Soto and Red River parishes in Northwestern Louisiana. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. Additionally, we are evaluating new downstream interconnects to provide additional market access and optionality to maximize netbacks for customers. Houston, TX 77056 The Haynesville natural gas play is well positioned with proximity to large end-use markets and the growing U.S. Gulf Coast LNG export complex. 2023 Clearfork Midstream. These expansions strengthen our position in the Haynesville, where we remain focused on deploying growth capital and developing the infrastructure needed to serve our customers needs. 22 Feb, 2022, 11:39 ET. from 8 AM - 9 PM ET. The company's vision is to build long-term, mutually beneficial relationships with producers by offering reliable midstream services and a collaborative approach that maximizes the value of production. Information on assets, buyers and sellers, deal values, and more. Users whose needs exceed these parameters may only access Buzzfile's. Clearforks services currently include natural gas gathering, treating, dehydration, compression, and transportation in North Louisiana and East Texas. Its a New Day for Producers in the Haynesville Shale. Tue, 01/18/2022 - 03:35 PM Clearfork answers that call. gascompressionmagazine.com/2022/10/13/clearfork-midstream-expands-louisiana-compression-capacity/, Mozilla/5.0 (iPhone; CPU iPhone OS 15_5 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) GSA/218.0.456502374 Mobile/15E148 Safari/604.1. Clearfork Midstream LLC ("Clearfork") today (Jan 18) announced it has secured a capital commitment from EnCap Flatrock Midstream ("EFM") and has entered into a definitive agreement to purchase Azure Midstream Energy, LLC ("Azure Midstream"). January 18, 2022 Clearfork Midstream FORT WORTH, Texas - January 18, 2022 - Clearfork Midstream LLC ("Clearfork") today announced it has secured a capital commitment from EnCap Flatrock Midstream ("EFM") and has entered into a definitive agreement to purchase Azure Midstream Energy, LLC ("Azure Midstream"). Location Type: Single Location San Antonio, TX 78248 Latest news about Clearfork Midstream, our operations and our partners. All rights reserved. Our assets represent a natural gas gathering and treating platform that spans the core areas of the Haynesville Shale formation, one of the fastest-growing natural gas basins in the U.S. Clearfork manages more than 500 miles of pipelines and 1.2 billion cubic feet per day of treating capacity across two systems in North Louisiana and East Texas. Fort Worth, TX 76109 Looking beyond these expansion projects, Clearfork also owns idle amine treating assets that could, when paired with additional commercial activity, further increase treating capacity to bring the total treating capacity across Clearforks Holly System to approximately 1.8 Bcf/d in 2023. Purchases of key products and services provides insight into whether a business is growing or declining financially. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. DTM owns and operates a diverse, integrated portfolio of midstream pipeline, storage and gathering assets, allowing us to provide a comprehensive set of midstream services to our customers across the Southern, Northeastern and Midwestern United States and into Canada. Clearfork Midstream | Midstream Services for Oil and Gas Producers in the Haynesville Daily Uptime. Details Industries Energy Oil and Gas Headquarters Regions Dallas/Fort Worth Metroplex, Southern US Founded Date 2020 Operating Status Active Also Known As Clearfork Legal Name Clearfork Midstream, LLC Company Type For Profit Contact Email info@clearforkmidstream.com Phone Number 1-817-752-5305 Berthelot successfully founded, financed, developed, operated, and sold multiple natural gas midstream companies including Laser Midstream Company, Laser Northeast Gathering Company, and now Azure Midstream. Azure Midstream has nine downstream interconnects offering access to major market hubs, including Henry Hub, Houston Ship Channel/Katy, Carthage, Columbia Gulf Mainline, Perryville and Agua Dulce (via TETCO and NGPL). Leadership Kipper Overstreet Chief Executive Officer Clearfork Midstream is led by Kipper Overstreet, a midstream industry veteran with more than 25 years of leadership experience including commercial, operations, M&A and optimizing strategic financial decisions. Get notified about new Mechanic jobs in United States. Clearfork is backed by a $400 million equity commitment from EnCap Flatrock Midstream. This job is no longer available, but here are similar jobs you might like. Clearfork is actively developing new midstream gathering and treating projects in addition to increasing downstream takeaway optionality for Haynesville producers. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Home; Our Company. , . This button displays the currently selected search type. Fort Worth, TX 76109 Services include natural gas gathering, processing, treating, dehydration and compression; natural gas liquids stabilization, handling, fractionation, storage and transportation; crude oil gathering, storage and transportation; and produced water handling and disposal. 2023 EnCap Flatrock Midstream, L.P. All rights reserved. Clearfork Midstream Grand Cane, LA. Lean how in our latest case study. The announcement highlights Clearforks continued commercial success and growth following its acquisition in February 2022 of a natural gas gathering and treating platform serving core areas of the Haynesville Shale in North Louisiana and East Texas. HOME > Business Directory > UTILITIES . Clearfork Midstream LLC agreed to acquire Azure Midstream Energy LLC following a $400 million initial capital commitment from EnCap . Bevo Beaven Suite 210 930 W. 1st Street, Suite 400 FORT WORTH, Texas--(BUSINESS WIRE)--Clearfork Midstream LLC (Clearfork) today announced the signing of several new producer-customer commercial agreements and treating capacity expansions on its Holly System in North Louisiana. Fort Worth, Texas 76102 Were committed to making additional improvements as we strive to exceed customer expectations and industry standards..
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