Clearfork Midstream LLC announced in a press release on April 7 it has added Will Page as CFO and a member of the board of directors and Victor Davis as executive vice president of operations.

With over 23 years of investment banking experience advising energy companies in executing M&A transactions and capital raises, Page most recently served as managing director with Donovan Ventures, where he played a key role in Clearfork’s formation, financing and platform acquisition.

Davis has over 15 years of experience operating Clearfork’s acquired midstream assets having previously served as vice president of operations for Azure Midstream and its predecessor TGGT Midstream and as director of midstream operations for EXCO Resources.

“We are very excited to have Will and Victor with us at Clearfork,” Clearfork CEO Kipper Overstreet commented in the company release. “We are taking a highly proactive approach to customer service and being a trusted midstream partner, including working closely with our customers to develop new opportunities and achieve their production and marketing goals."

The company also secured two new commercial agreements with natural gas producers and has begun several optimization projects to upgrade service for its existing customers.

The announcement follows Clearfork’s recent acquisition of Azure Midstream, which included a natural gas gathering and treating platform that serves core areas of the Haynesville Shale formation and includes more than 500 miles of pipelines and 1.2 Bcf/d of treating capacity across systems in North Louisiana and East Texas.

The agreements increase Clearfork’s throughput volumes and lay the foundation for building customer relationships and trust. The acquired midstream assets were built for economical treating and compression expansions and are underutilized today relative to historical throughput volumes. As a result, the company is able to offer reliability and downstream market access at competitive rates to customers bringing additional volumes through existing tie-ins.

Clearfork recently launched several optimization projects on its Holly System to upgrade service and run more efficiently for existing customers. These projects include adding new compression capacity and debottlenecking treating facilities to increase capacity and utilization.

The company plans to invest additional capital across both its North Louisiana and East Texas systems for efficiency improvements and capacity expansions to match the growing production from the Haynesville Shale.

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