Voyager Midstream Holdings, a portfolio company under Pearl Energy Investments, has announced the acquisition of natural gas gathering and processing assets from Phillips 66. This strategic move places Voyager at the heart of the Haynesville Shale, a prolific energy region. The assets, located in Panola, Rusk, and Harrison counties in Texas, as well as Caddo Parish in Louisiana, include approximately 550 miles of natural gas pipelines and related compression infrastructure. Additionally, the acquisition encompasses 400 million cubic feet per day of active cryogenic gas processing capacity and 12,000 barrels per day of liquids fractionation capacity.

A central element of the acquisition is the Carthage Hub, a comprehensive natural gas trading and distribution facility with the capacity to process over one billion cubic feet of gas daily. The Carthage Hub provides crucial connectivity to multiple U.S. markets and offers access to premium LNG markets in Texas and Louisiana, enhancing Voyager’s ability to integrate with high-value markets.

Will Harvey, Voyager’s CEO, highlighted the significance of this acquisition, stating, “This transaction with Phillips 66 represents an important milestone for Voyager, as it positions us for significant growth in the core of the Haynesville Shale. We are committed to expanding our infrastructure footprint in East Texas and North Louisiana while enhancing producer connectivity and netbacks.”

Voyager Midstream Holdings, LLC, based in Houston and founded in 2023, is dedicated to midstream acquisition and development opportunities across North America. Martin McHale, Voyager’s COO, emphasized the company’s commitment to safety, environmental stewardship, and community involvement. “We are honored to welcome Phillips 66’s East Texas employees into the Voyager family as part of this acquisition,” he said.

Pearl Energy Investments, headquartered in Dallas, Texas, manages approximately $2 billion in committed capital. The investment firm focuses on partnering with experienced management teams to invest in the North American energy sector, typically targeting opportunities that require $25 million to $150 million in equity capital.

Stewart Coleman, partner at Pearl Energy Investments, voiced his excitement about the acquisition, stating, "Voyager’s acquisition of these premium assets sets the company up for growth and success in the Haynesville region, one of the leading shale plays with strategic connectivity to the U.S. Gulf Coast. We look forward to supporting the Voyager team as they continue to operate, develop, and commercialize this critical infrastructure.”

Headquartered in Houston, Voyager Midstream Holdings, LLC was established in 2023 and specializes in midstream acquisition and development throughout North America. The company is spearheaded by co-founders Will Harvey, who serves as Chief Executive Officer, and Martin McHale, who holds the position of Chief Operating Officer.