May 2007
Houston, TX
Laser Midstream (“Laser”) was founded in March 2005 to acquire and develop natural gas gathering and processing assets. Laser’s initial investment was the Panola gathering system in East Texas. Subsequently, Laser acquired the Texas and Louisiana assets of OptiGas and the South Texas assets of HESCO. Laser management was successful in attracting new gas to these systems, and completed several expansion projects after the systems were acquired. In 2007, the majority of Laser’s midstream assets were sold to an affiliate of Duke Energy Services and Eagle Rock Energy Partners (subsequently acquired by Vanguard Natural Resources OTC: VNRR).
