Cutlass Energy Establishes Haynesville Position through ArcLight Transaction

ArcLight Capital Partners entered into an agreement through its affiliate Saber Midstream to acquire a Haynesville gas gathering system set to be managed by ArcLight-backed Cutlass Energy Partner.

Hart Energy Staff
Cutlass Energy Establishes Haynesville Position through ArcLight Transaction

The Haynesville system in Louisiana’s Caddo Parish and Harrison County, Texas, has a nominal capacity of up to 1.2 Bcf/d and is located in an area of the shale play with increasing rig activity and growing production. (Source: Hart Energy)

ArcLight Capital Partners LLC recently entered into an agreement with an undisclosed seller for its affiliate Saber Midstream LLC to acquire a natural gas gathering system in the Haynesville shale basin of Louisiana and Texas.

In a release announcing the acquisition on March 23, ArcLight said the management team of Cutlass Energy Partners LLC, a midstream infrastructure company backed by the Boston-based private equity firm, will manage Saber Midstream and the operations of the acquired gas gathering system.

“Cutlass is excited to establish itself as a natural gas infrastructure player in the Haynesville via its partnership with ArcLight in Saber Midstream,” Cutlass CEO Don Kirkendall commented in the release.

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