Fort Worth, TX-based Clearfork Midstream LLC said Tuesday it plans to acquire Azure Midstream Energy LLC, giving it entry into the core areas of the Haynesville Shale in North Louisiana and East Texas.

The price was not disclosed for the takeover, which was funded by Clearfork sponsor EnCap Flatrock Midstream LLC (EFM). The private equity firm backed Clearfork’s start-up in 2020 to provide midstream solutions for oil and gas producers in North American basins, with an emphasis on the Haynesville.

“Over the past few years, we have developed strong relationships with key members of the EFM team,” said Clearfork CEO Kipper Overstreet. “They have the financial strength we need and understand midstream better than anyone in the venture capital business. They aligned with us...