Tristate Midstream is pleased to announce the addition of two Natural Gas Vehicles (NGVs) to its field fleet. “We are committed to developing natural gas as an alternative fuel source and to promoting a cleaner burning fuel to help reduce auto emissions. Integrating NGVs into our fleet is just one way to show our commitment,” stated Mike Noack, Tristate’s Chief Operating Officer and co-founder. Although the use of NGVs is more common in recent years, the ability to purchase a NGV directly from a manufacturer is still very limited to small residential vehicles and heavy duty fleet trucks and equipment. Fortuitously, instead of having to install a NGV conversion kit, Tristate was able to purchase two brand new Dodge Ram 2500 series trucks from Peters Chevrolet in Longview. These standard duty pick up trucks can use either compressed natural gas or petroleum gasoline as a fuel source and are some of the first to roll off the Dodge factory assembly line. Noack continued, “We are very excited to be one of the first to purchase this type of NGV.”

For more information on NGVs, you can visit the NGV Americas website at www.ngvc.org or CNG Now at www.cngnow.com.

We are pleased to announce that Tristate ETX, LLC, a wholly owned subsidiary of Tristate Midstream II, LLC, has closed on the purchase of the Forest Texas Gathering Company assets in Gregg, Harrison, Leon, Cherokee, Marion, and Smith Counties of East Texas, and will assume operations on November 1, 2012.

Forest Oil Announces Agreement to Sell East Texas Natural Gas Gathering Assets.   Forest Oil Corporation (NYSE: FST) (Forest or the Company) today announced that it has entered into an agreement to sell the majority of its East Texas natural gas gathering assets to a subsidiary of Tristate Midstream II, LLC for proceeds of $34 million.  Forest can also earn up to $9 million of additional performance payments contingent on future activity.  In conjunction with the sale, Forest has entered into a ten-year natural gas gathering agreement with the buyer under which Forest will commit its production from its existing and future operated wells located within five miles of the current configuration of the gathering system.  This transaction is expected to close on October 31, 2012 and is subject to customary closing conditions and purchase price adjustments.

SOURCE:  Taken from News Release issued by Forest Oil on Aug. 15, 2012.  Complete news release can be found on the Forest Oil website at www.forestoil.com.

Crestwood Midstream Partners Completes Acquisition of Haynesville/Bossier Shale Midstream Assets

Crestwood Midstream Partners LP (NYSE:CMLP) (“Crestwood”) announced today it has completed the previously announced acquisition of Tristate Sabine, LLC (“Tristate”) from affiliates of Energy Spectrum Capital, Zwolle Pipeline, LLC and the Tristate management.  Crestwood paid $65 million at closing which was funded with available capacity under Crestwood’s revolving credit facility.  An additional $8 million deferred purchase payment will be paid on November 1, 2012, subject to customary post-closing adjustments.

The acquired assets include approximately 61 miles of high pressure natural gas gathering pipelines and carbon dioxide treating facilities located in Sabine Parish, Louisiana (the “Sabine System”).  The Sabine System provides gathering and treating services for Haynesville and Middle Bossier Shale production from the Toledo Bend South field area for re-delivery to Gulf South Pipeline and Tennessee Gas Pipeline.  Crestwood is also acquiring gathering and treating contracts on the Sabine system which dedicate approximately 20,000 acres under long-term, fixed fee arrangements.  System capacity is currently being expanded to 100 million cubic feet per day (“MMcf/d”) for gathering and 80 MMcf/d for treating.  The expansion is expected to be completed during the fourth quarter of 2011, with the final remaining cost to be largely funded from working capital acquired with the acquisition.  Following the expansion, gathering volumes are expected to be approximately 60 to 70 MMcf/d.

“We are pleased to complete this acquisition which expands Crestwood into another large scale, world class shale play,” state Robert G. Phillips, President and Chief Executive Officer of Crestwood’s general Partner.  “The Sabine System covers a highly productive core area of the Haynesville/Bossier shale play and provides producers with access to premium priced markets on the Gulf South and Tennessee Gas systems.  The acreage dedicated to the Sabine System has produced some classic Haynesville/ Bossier wells with large expected ultimate recoveries and high initial production rates over the past two years.”

SOURCE:  Taken from News Release issued by Crestwood Midstream Partners, L.P. on November 1, 2011.  Complete news release can be found on Crestwood Midstream website at www.crestwoodlp.com.

Energy Spectrum Partners VI LP committed to a new venture with Tristate’s management team.  The new entity, Tristate Midstream II, LLC will continue to focus on the development of midstream assets serving producers in Texas, Louisiana, and Arkansas.

Energy Transfer Partners to Acquire Natural Gas Assets in Haynesville Shale

Dallas based Energy Transfer Partners, L.P. (NYSE:ETP) today announced it has signed an agreement to purchase certain natural gas gathering and treating assets in the Haynesville Shale from Tristate Midstream, L.P., a portfolio company of Dallas-based Energy Spectrum. Energy Transfer is acquiring Tristate North Louisiana Midstream, LLC and TSM Treating, LLC which collectively own a 120-mile gathering system in Red River and Bienville Parishes with a capacity if 275 million cubic feet per day, and natural gas treating facilities with approximately 480 million cubic feet per day of treating capacity.

“We are pleased to be expanding our gathering and treating assets in the Haynesville Shale producing region,” said ETP’s Mac Stallcup, Vice President – Louisiana Business Development. “These Tristate assets, which include significant long-term acreage dedications, are not only strategically located, but further compliment our emerging presence in the area. Through this acquisition, we have increased acreage dedicated to us under long-term gathering agreements in the Haynesville Shale to more than 100,000 acres.”

SOURCE: Taken from Press Release issued by Energy Transfer Partners, L.P. on Feb 10, 2010. Complete press release can be found on Energy Transfer website www.energytransfer.com.