Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

DTE Midstream to buy gathering assets in Haynesville Shale for $2.25 billion

Commodities | Energy | Electric Power | Renewables | Natural Gas

Hydrogen: Beyond the Hype

LNG | Natural Gas | NGL

Platts LNG Alert

Capital Markets | Commodities | Electric Power | Natural Gas

Mexican Energy Conference, 24th

Agriculture | Biofuels | Grains | Natural Gas | Oil | Crude Oil | Petrochemicals | Aromatics

Indonesia's appetite for ethanol-blended gasoline doubtful despite removal of ban

DTE Midstream to buy gathering assets in Haynesville Shale for $2.25 billion


Assets provide access to markets in Louisiana, along Gulf Coast

Platts Analytics expects Haynesville production to be flat through 2020

Houston — Reflecting its confidence in the production potential of Louisiana's Haynesville Shale, DTE Midstream said Friday it agreed to acquire a gathering system and gathering pipeline in the play for $2.25 billion.

Under the deal, DTE Midstream, a subsidiary of DTE Energy, would acquire 100% of the assets from midstream company Momentum Midstream and Haynesville-focused producer Indigo Natural Resources.

Underpinning the transaction is the strength of Indigo's strong asset position in the play as well as the location of the Haynesville, which provides easy access to growing downstream markets, DTE Midstream President and Chief Operating Officer David Slater said in an interview Friday.

"The Gulf Coast and Southeast markets are strong, robust and growing, in addition to the growing LNG demand along the Gulf Coast," he said.

The assets DTE Midstream will acquire include an existing gathering system and a 150-mile gathering pipeline now under construction. Upon the completion of the gathering pipeline, which is expected in the second half of 2020, DTE Midstream would make an additional $400 million milestone payment for the asset, according to a statement Friday.

DTE Midstream said the assets are fully contracted to gather Haynesville-produced gas to be delivered to several markets along the Gulf Coast and in Louisiana, via major downstream pipelines.


"There's strong market optionality for Indigo and any other shipper," Slater said. "The LNG markets are growing and robust, but other markets also are growing and robust, such as the power generation and industrial markets along the Gulf Coast and the Southeast corridor."

In the second half of the year, natural gas production in the Haynesville has begun to fall from all-time highs over the summer, according to Platts Analytics. Current production is estimated at 11.6 Bcf/d after breaking over 12.1 Bcf/d in the first week of August.

Platts Analytics expects production from the Haynesville to remain relatively flat at around 11.7 Bcf/d through year-end, and it is expected to grow only incrementally between now and the end of 2020.

DTE Midstream expects the acquisition to close in the fourth quarter, subject to the customary conditions.

-- Jim Magill,

-- Dyna Mariel Bade, S&P Global Market Intelligence,

-- Edited by Bill Montgomery,