News

Clearfork Midstream Adds to Leadership Team, Announces New Commercial Agreements and Optimization Projects

FORT WORTH, Texas – April 7, 2022 – Clearfork Midstream LLC (“Clearfork”) today announced it has added two senior management professionals to its leadership team, 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 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 billion cubic feet per day of treating capacity across systems in North Louisiana and East Texas.

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Azure Midstream Energy Acquired by Clearfork Midstream

KATY, Texas – February 22, 2022 -- Azure Midstream Energy ("Azure Midstream"), a natural gas midstream company operating in North Louisiana and East Texas, announced today that it has closed on its sale to Clearfork Midstream. Terms of the sale were not disclosed.

Clearfork Midstream partnered with EnCap Flatrock Midstream ("EFM") for the transaction. Investment banking firm Jeffries served as sole financial advisor and Porter Hedges LLC served as corporate counsel to Azure Midstream.

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Clearfork Midstream to Acquire Azure Midstream Energy, Secures Initial Capital Commitment from EnCap Flatrock Midstream

FORT WORTH, Texas – January 18, 2022 – Clearfork Midstream LLC (“Clearfork”) today announced it has secured a capital commitment from EnCap Flatrock Midstream (“EFM”) and has entered into a definitive agreement to purchase Azure Midstream Energy, LLC (“Azure Midstream”). The transaction is subject to standard regulatory approvals and is expected to close during the first quarter of 2022. Based in Fort Worth, Clearfork is a growth-oriented midstream company that was formed in 2020 to provide comprehensive midstream solutions for oil and gas producers in basins across North America, with a specific emphasis on unconventional natural gas production in the Haynesville/Bossier Shale formation in North Louisiana and East Texas.

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