Voyager Midstream Closes on Acquisition of Interest in Panola Pipeline and Inaugural Credit Facility
HOUSTON–(BUSINESS WIRE)–Voyager Midstream Holdings (“Voyager”), a portfolio company of Pearl Energy Investments, announced today that it closed on the acquisition of a non-operated interest in the Panola Pipeline from Phillips 66. Operated by Enterprise Products Partners, the 254-mile Panola Pipeline originates in Panola County, Texas and transports Y-Grade natural gas liquids to fractionation facilities in Mont Belvieu, Texas.
Voyager’s interest in the Panola Pipeline is a strategic fit with the company’s existing footprint in East Texas and North Louisiana. Voyager owns and operates approximately 550 miles of natural gas pipelines and associated compression, 400 million cubic feet per day of active cryogenic gas processing capacity, and 12,000 barrels per day of liquids fractionation capacity. The company also owns, operates, and schedules the Carthage Hub, an integrated natural gas trading and delivery hub capable of handling over one billion cubic feet per day and providing interconnectivity to multiple markets across the United States, including premium LNG markets in Texas and Louisiana.
“Panola Pipeline is a critical NGL pipeline connecting the major East Texas gas processing complexes and Gulf Coast demand markets. We are excited to work alongside our partners in Panola Pipeline to safely transport liquids to satisfy growing demand for NGLs along the Gulf Coast,” said Will Harvey, Voyager Chief Executive Officer. “This acquisition strengthens our ability to provide cost-effective and reliable service to our customers.”
In conjunction with closing the Panola Pipeline acquisition, Voyager entered into a credit facility with Bank of Oklahoma. This credit facility, along with existing equity commitments from Pearl, provides Voyager with substantial flexibility and capital to continue growing its business in support of its customers.
About Voyager:
Based in Houston, Voyager Midstream Holdings, LLC was founded in 2023 and is focused on midstream acquisition and development opportunities across North America. The company is led by co-founders Will Harvey, Chief Executive Officer, and Martin McHale, Chief Operating Officer. For more information, visit www.voyagermidstream.com.
About Pearl:
Pearl Energy Investments is a Dallas, Texas-based investment firm with approximately $3.0 billion of committed capital under management. Pearl focuses on partnering with proven management teams to invest in the North American energy sector. The firm typically targets opportunities requiring $25 million to $150 million of equity capital. For additional information, please visit www.pearl-energy.com.
Contacts
Media Contact:
Meredith Hargrove Howard
Redbird Communications Group
meredith@redbirdpr.com
210-737-4478
