Shearman, V&E, Kirkland Advise on DTE’s Pipeline Acquisition from Momentum, Indigo

DTE Midstream, a unit of Michigan utility DTE Energy, said Friday it agreed to acquire a natural gas gathering system and pipeline in Louisiana’s Haynesville shale from private equity-backed Momentum Midstream and Indigo Natural Resources for $2.25 billion in cash.

The buyer also agreed to pay the seller $400 million when the 150-mile gathering pipeline that’s under construction is completed, which is expected in the second half of next year.