Tristream Energy was founded to own and operate gathering, processing and treating assets where the management team could leverage its operational expertise to improve the efficiencies of underperforming assets.  In July 2010, Tristream acquired the Eustace natural gas gathering and processing system, which spans five counties in East Texas. The plant processed roughly 26 MMCFD from the sour gas Smackover trend in East Texas, which is very high in hydrogen sulfide and natural gas liquids.   In 2012, Tristream entered the condensate stabilization business by adding truck racks and reactivating idle stabilization equipment at its Myrtle Springs facility.   In 2016, as natural gas and NGL prices fell and with declining volumes from producers, Tristream filed for bankruptcy protection.  Through the bankruptcy process, the company was able to shed certain non-economic legacy contracts.  After emerging from the bankruptcy process, the company was exited in 2017 to a member of the former management team.