Voyager Midstream Acquires Stake in 254-Mile Texas Pipeline System from Phillips 66
(P&GJ) — Voyager Midstream Holdings has acquired a non-operated interest in the 254-mile Panola Pipeline from Phillips 66, strengthening its position in the East Texas and North Louisiana midstream sector.
The Panola Pipeline, operated by Enterprise Products Partners, originates in Panola County, Texas, and transports Y-Grade natural gas liquids (NGLs) to fractionation facilities in Mont Belvieu, Texas.
Voyager’s midstream network includes 550 miles of natural gas pipelines, 400 million cubic feet per day of cryogenic gas processing capacity, and 12,000 barrels per day of liquids fractionation capacity. The company also operates the Carthage Hub, a major natural gas trading and delivery hub with over 1 Bcf/d of capacity, connecting to premium LNG markets in Texas and Louisiana.
“Panola Pipeline is a critical NGL pipeline connecting the major East Texas gas processing complexes and Gulf Coast demand markets,” said Will Harvey, Voyager CEO. “This acquisition strengthens our ability to provide cost-effective and reliable service to our customers.”
As part of the transaction, Voyager secured a credit facility with Bank of Oklahoma, providing financial flexibility for future expansion. Backed by equity commitments from Pearl Energy Investments, the company aims to continue growing its midstream operations.
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