Pipeline Owner Momentum Is Said In Talks to Buy Align Midstream

Momentum Midstream LLC is in advanced talks to buy Align Midstream Partners to add 300 miles (483 kilometers) of natural-gas carrying infrastructure in the fast-growing Haynesville shale basin in Texas and Louisiana, according to people familiar with the matter.

Closely held Momentum is backed by private equity firm Yorktown Energy Partners. The people familiar with the talks asked not to identified because a deal hasn’t been announced.

Representatives for Momentum and Align didn’t immediately respond to requests for comment.

Momentum agreed to acquire assets from Midcoast Energy LLC in Texas for $1.3 billion, Reuters reported in July. The Haynesville ...