Brazos Midstream was issued a pipeline addition permit of 55 additional miles in in Glasscock and Reagan counties by the The Railroad Commission of Texas. The permit number is #10517.
Permit 10517 Map
Permit 10517 Details
About Brazos Midstream
Founded in 2014, Brazos Midstream is a growth-oriented, full-service midstream company operating in the Permian Basin. The company specializes in natural gas gathering and processing, crude oil gathering, and marketing and disposal services. Brazos is known for its strategic acquisitions, robust infrastructure, and strong partnerships, providing tailored solutions to its producer customers. With significant assets in the Delaware and Midland Basins, Brazos continues to expand its capabilities to support ongoing and future growth in one of the most productive oil and gas regions in the United States.
Brazos Midstream Announcements:
- Financial Developments:
- Brazos Delaware II LLC issued an $800 million senior secured Term Loan B due February 2030.
- Proceeds used to repay an existing $830 million Term Loan B due May 2025.
- Increased undrawn super-priority revolving credit facility from $90 million to $150 million, extended maturity to 2028.
- CEO Perspective (Brad Iles):
- Appreciation for lender support.
- Highlighted financial discipline and strategic growth.
- Emphasized strong partnership with Morgan Stanley Infrastructure Partners.
- Acquisitions:
- Pecos Gas Gathering System (Southern Delaware Basin):
- Acquired from Diamondback Energy and Rattler Midstream.
- Includes 150 miles of pipeline and four compressor stations.
- Complements existing infrastructure in Reeves County, Texas.
- Mustang Springs Gas Gathering System (Northern Midland Basin):
- Acquired by newly formed Brazos Midland, LLC.
- Located in central Martin County, Texas.
- Expansion planned to serve Diamondback and other producers.
- Pecos Gas Gathering System (Southern Delaware Basin):
- New Projects and Expansions:
- Agreement with Shell Exploration & Production:
- Construct new natural gas gathering system in Delaware Basin.
- Anchored by 55,000 acres of fee-based acreage dedications.
- Comanche III Plant Commissioned:
- 200 MMcf/d cryogenic natural gas processing plant.
- Increases total operated processing capacity to 460 MMcf/d.
- Plans for Comanche IV, a new 200 MMcf/d plant, construction expected to begin in 2020.
- Agreement with Shell Exploration & Production:
- Company Overview:
- Founded in 2014, transitioned from a startup to a full-service midstream company.
- Operates crude oil and natural gas assets throughout the Permian Basin.
- Committed to strategic growth and flexible, tailored solutions for stakeholders and customers.
