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Tristate Midstream Fund II & III

Realized Investments

Asset Type

Gathering & Processing

Realization Date

April 2023


Dallas, TX

Formed in September 2011, Tristate Midstream II (“Tristate II”) is focused on the acquisition and construction of natural gas gathering and processing systems in Texas, Louisiana and Arkansas. In October 2012, Tristate II acquired substantially all of Forest Oil Corporation’s (“Forest”) natural gas gathering systems located across seven counties in East Texas. Tristate II currently operates approximately 200 miles of natural gas gathering and transportation pipelines, along with associated treating and compression equipment, which primarily service producers active in the Cotton Valley and Haynesville plays.

Formed in December 2015, Tristate Midstream III (“Tristate III”) is focused on acquiring, building and developing crude oil, natural gas and water-related midstream assets in Louisiana, Arkansas and Oklahoma. In 2016, Tristate III acquired a natural gas gathering system located in Caddo Parish in northern Louisiana. The acquisition is located in the prolific Ark-La-Tex crude oil and natural gas producing basin and established an asset footprint in northern Louisiana, an area where management has extensive experience.

Tristate II and III are the second and third partnerships between management and Energy Spectrum, respectively.