January 18, 2022
Clearfork Midstream LLC has announced it has secured a capital commitment from EnCap Flatrock Midstream and has entered into a definitive agreement to purchase Azure Midstream Energy, LLC. The transaction is subject to standard regulatory approvals and is expected to close during the first quarter of 2022. Based in Fort Worth, Clearfork is a growth-oriented midstream company that was formed in 2020 to provide comprehensive midstream solutions for oil and gas producers in basins across North America, with a specific emphasis on unconventional natural gas production in the Haynesville/Bossier Shale formation in North Louisiana and East Texas.
Latham & Watkins LLP represents Encap Flatrock Midstream in connection with the transaction. The team was led by Houston partner James Garrett with Houston associates John Daywalt and Josh Blankenship. Advice was also provided on tax matters by Houston partner Jim Cole; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum; on finance matters by Houston counsel Bryce Kaufman; and on intellectual property matters by Washington, D.C. counsel Kieran Dickinson.