Align Midstream’s natural gas gathering and processing assets are located in the Cotton Valley and Haynesville plays of the Ark-La-Tex Basin.

The Dallas midstream firm operates about 306km of natural gas gathering pipelines across the Texan counties of Rusk, Panola and Shelby and also in Louisiana’s DeSoto Parish.

Align also owns a cryogenic natural gas processing plant in Texas at Panola which has a capacity of 100 million cubic feet per day.

Align CEO Fritz Brinkman said: “Over the past three years, we have created significant value for our stakeholders through acquiring and connecting underutilized gathering and processing assets to create an extensive system.

“This platform now serves some of the best producers in the basin.”

Enable Midstream expects the acquisition of Align Midstream to expand its presence in areas with growing producer activity.

Align’s assets are claimed to be supported with long-term, fee-based contracts which include about 100,000 gross acres of dedication from producer customers.

Enable Midstream president and CEO Rod Sailor said: “This transaction complements Enable’s midstream platform in the Ark-La-Tex Basin, and we are well-positioned to integrate and optimize these assets.

“We are excited about the outlook for the Cotton Valley and Haynesville, and this acquisition further builds out our footprint to capture opportunities in active areas of these plays.”

Based in Oklahoma, Enable Midstream owns, operates and develops natural gas and crude oil infrastructure assets.

Its acquisition of Align is anticipated to be completed as soon as practicable subject to receipt of regulatory approvals and meeting of closing conditions.