“Since starting out, Geoff Cole has only moved onward and upward in his career. Hired out of college into TPG Capital, he knows firsthand the positive impact young energy pro-fessionals can make on the sector. One piece of advice Cole would emphasize to other young professionals is the importance of networking, which is reflected in…
“Transitioning Brazos from a start-up company to one of the largest, most successful private midstream operators in the premier oil and gas producing region in the country has been a rewarding challenge,” Luskey says. “Morgan Stanley put a lot of faith in our team, and we work hard every day to ensure that this next…
Crude oil gathering systems in the Permian and elsewhere are, by their very nature, evolving things. They increase in mileage and crude-carrying capacity as new wells are drilled and completed, and it’s not uncommon for smaller systems to be consolidated into larger ones. It’s also become typical for the ownership of these systems to change…
Not long after Brazos Midstream Holdings LLC was formed, the young company in need of a deal found a southern Delaware operator with an inwardly focused gathering system. Jetta’s infrastructure was “the perfect midstream starter kit,” Brazos chief commercial officer Stephen Luskey said.
They say the midstream industry is a small, tight-knit link in the energy chain. Maybe so, and certainly none of the sector is more tightly knit than the Jaggi family: Father Dennis, based in Oklahoma City with one of the sector’s largest private-equity firms; son Ryan in Fort Worth, Texas, with an up-and-coming, privately held…
Priority Power Management, LLC, a Texas-based leading independent energy management and consulting services firm, announced today that it has successfully completed the development and energization of a new private electrical system for Brazos Midstream that will power Brazos’ Comanche II, a 200 MMcf/d cryogenic natural gas processing plant in the Delaware Basin.
Natural gas processing plants are cropping up throughout the Permian Basin as the business opportunities created by the area’s oil and gas riches flow through the economy. Honeywell, for example, said its UOP Russell subsidiary is providing a third cryogenic gas processing plant to Brazos Midstream. The plant, named Comanche III, will process liquids from…
Honeywell (NYSE: HON) today announced that its UOP Russell business will provide a third cryogenic gas processing plant to Brazos Midstream. The high-recovery 200 million cubic foot per day (MMcf/d) plant, called Comanche III, will extract valuable natural gas liquids (NGLs) from natural gas produced in the Southern Delaware Basin in Texas.
In just two years, the team and business of Brazos Midstream Holdings LLC are growing. “We are willing to go the extra mile to deliver the highest level of service,” Brad Iles said of the company, which provides gathering systems, compressor stations and liquids handling services to Delaware Basin producers.
Construction for Comanche II is well underway and is ahead of schedule, said Stephen Luskey, chief commercial officer and co-founder of Brazos Midstream. “We are in the process of permitting for Comanche III, which will be nice to have all three plants at the same location.”
Midstream investment is rising alongside Permian Basin oil and gas production, particularly in the Delaware Basin. Growth challenges midstream companies such as Brazos Midstream Holdings LLC to stay a step ahead and add infrastructure, said Brad Iles, chief executive officer.
Fort Worth-based Brazos Midstream isn’t your typical midstream company. Actually, in today’s energy industry there is no typical midstream company. Few, if any, are identical, and their mixture of assets can change almost daily, depending on business conditions and the management team’s strategy.
Capital may never have been cheaper or easier to find. That’s the good news for midstream executives focused on growth prospects for an expanding and changing energy sector. But wait a minute: Oil prices—-sagging under $50 once again—-still hover on the low end of the scale and brimming storage threatens to pitch those prices over…
Even with the departure of many workers from XTO Energy, Fort Worth remains an energy powerhouse. But most companies here focus on exploration and production, not midstream. That’s not the case with Brazos Midstream Holdings LLC, a midstream company that has its sights on crude oil gathering, natural gas gathering and processing, compression, treating, water…
As the pace of drilling continues to gather speed in the Delaware Basin, attendees of the recent Midstream Texas conference hosted by Hart Energy heard three private equity-backed midstream players discuss their plans to expand capacity and work around potential bottlenecks.
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