"This transaction with Phillips 66 represents an important milestone for Voyager, as it positions us for significant growth in the core of the Haynesville Shale," said Will Harvey, Voyager’s CEO. (Source: Shutterstock)
Independent company Voyager Midstream announced a large-scale move in the Haynesville Shale on Sept. 3 with the purchase of gathering and processing (G&P) assets from Phillips 66.
Voyager bought about 550 miles of natural gas pipelines, 400 MMcf/d of gas processing capacity and 12,000 bbl/d of NGL production capacity. The network connects to the Carthage Hub in Texas, which provides connections to several other markets, the company said.
"This transaction with Phillips 66 represents an important milestone for Voyager, as it positions us for significant growth in the core of the Haynesville Shale," said Will Harvey, Voyager’s CEO, in a press release. "We are committed to growing our infrastructure footprint in East Texas and North Louisiana and improving producer connectivity and netbacks."
Houston-based Voyager is an independent midstream company founded in 2023, backed by Dallas’ Pearl Energy Investments. Pearl is a firm managing about $2 billion of committed capital. The firm usually seeks investment opportunities requiring $25 million to $150 million in capital.
"Voyager’s acquisition of these high-quality assets positions the company for growth and success within the Haynesville, one of the preeminent shale plays with strategic connectivity to the U.S. Gulf Coast," said Stewart Coleman, partner at Pearl Energy Investments.
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