EnCap Flatrock Midstream Explores Sale of Momentum for Over $5 Billion

EnCap Flatrock Midstream is reportedly contemplating the sale of its gas pipeline company, Momentum, for a sum exceeding $5 billion. Bloomberg posted on X, citing sources familiar with the matter, that the potential transaction is in the early stages and could attract interest from various buyers in the energy sector. Momentum, known for its extensive pipeline network, plays a significant role in the transportation of natural gas across key regions. The sale, if finalized, would mark a substantial move in the midstream energy market, reflecting ongoing trends and shifts within the industry. EnCap Flatrock Midstream has not publicly commented on the potential sale, and details regarding the timeline or interested parties remain undisclosed. The development comes amid a broader context of strategic evaluations and asset management within the energy sector, as companies seek to optimize their portfolios and capitalize on market opportunities.