“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…
TULSA, Okla. & FORT WORTH, Texas – Williams (NYSE: WMB) and Brazos Midstream (“Brazos”) today announced that they have agreed to enter into a joint venture (the “Partnership”) in the Delaware Basin. Under terms of the agreement, Williams will contribute its existing Delaware Basin assets to the Partnership, in exchange for a 15 percent minority position…
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…
FORT WORTH, TEXAS – Brazos Midstream Holdings, LLC (“Brazos” or the “Company”) and Old Ironsides Energy today announced the completion of its previously announced sale of the Company’s Delaware Basin subsidiaries to a subsidiary of North Haven Infrastructure Partners II (“NHIP II”) for $1.75 billion. NHIP II is an investment fund managed by Morgan Stanley Infrastructure…
FORT WORTH, TEXAS – Brazos Midstream Holdings, LLC (“Brazos” or the “Company”) and its financial sponsor, Old Ironsides Energy, today announced they have entered into a definitive agreement to sell its Delaware Basin subsidiary companies to North Haven Infrastructure Partners II (“NHIP II”) and related funds for approximately $1.75 billion in cash. Closing is expected in the…
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.”
FORT WORTH, TEXAS – Brazos Midstream Holdings, LLC (“Brazos”) (“The Company”) today announced that subsidiaries of The Company have closed on the purchase of a natural gas gathering system from Callon Petroleum Company (NYSE: CPE) (“Callon”). As part of the acquisition, Brazos signed a long-term, fee-based agreement with Callon for gas gathering and processing services for…
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.
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