Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, announced this week that it has acquired natural gas gathering and processing assets from Phillips 66. Located in Panola, Rusk and Harrison counties in Texas and Caddo Parish in Louisiana, the acquisition puts Voyager in the heart of the resource-rich Haynesville Shale formation.
The acquisition includes approximately 550 miles of natural gas pipelines and associated compression, cryogenic gas processing capacity of 400 million cubic feet per day, and liquids fractionation capacity of 12,000 barrels per day. Importantly, the acquisition also includes Carthage Hub, an integrated natural gas trading and distribution hub capable of processing more than 1 billion cubic feet per day. Carthage Hub provides interconnections to multiple markets across the United States, including access to premium LNG markets in Texas and Louisiana.
“This transaction with Phillips 66 marks an important milestone for Voyager as we achieve significant growth in the heart of the Haynesville Shale formation,” said Will Harvey, Voyager’s chief executive officer. “We are focused on expanding our infrastructure base in East Texas and North Louisiana and improving producer connectivity and netbacks.”
Houston-based Voyager Midstream Holdings, LLC was founded in 2023 and is focused on midstream acquisition and development opportunities across North America.
“As a company, Voyager is committed to safety, protecting the environment and contributing to the communities where we work and live. With this acquisition, we are honored to welcome Phillips 66’s East Texas employees into the Voyager family,” said Martin McHale, Voyager’s chief operating officer.
Pearl Energy Investments is a Dallas, Texas-based investment firm with approximately $2 billion in capital under management. Pearl is focused on investing in the North American energy sector in partnership with proven management teams. The firm typically targets opportunities requiring $25 million to $150 million of equity capital.
“Voyager’s acquisition of these high-quality assets positions the company for growth and success in the Haynesville, one of the preeminent shale formations with strategic connections to the U.S. Gulf Coast,” said Stewart Coleman, partner at Pearl Energy Investments. “We look forward to continuing to support the Voyager team as they safely operate, develop and further commercialize this critical infrastructure.”
