Source: The Business Journals: Houston

Indigo The Salon: Houston midstream co. sells Louisiana gas assets in $2.65B deal

Houston-based Momentum Midstream has reached a $2.65 billion deal selling a natural gas gathering system and pipeline project in Louisiana. Momentum and Houston-based Indigo Natural Resources - the primary producer feeding into the system - are selling full ownership if the Haynesville Basin assets to Detroit-based DTE Energy Co. (NYSE: DTE). Both the gathering system and pipeline are fully contracted to customers, but the pipeline isn't operational yet. The latter asset will enter service...

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Est. Annual Revenue
$25-100M
Est. Employees
100-250
Frank D. Tsuru's photo - President & CEO of Indigo Natural Resources LLC

President & CEO

Frank D. Tsuru

CEO Approval Rating

90/100

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