Brazos Midstream and Old Ironsides Partner to Pursue Midstream Investments

Brazos Midstream

FORT WORTH, Texas—Fort Worth-based Brazos Midstream Holdings, LLC (“Brazos”) today announced that it has partnered with Old Ironsides Energy, LLC (“Old Ironsides”), a leading independent oil and gas investment manager, to pursue the acquisition and development of midstream assets in the United States. The Brazos management team possesses broad energy experience across all commodities and throughout a variety of onshore U.S. basins and will initially focus on the development of crude and natural gas gathering, treating and processing assets.

Brazos’ management team is led by its four founding partners who have a track record of successful execution in the energy industry. The team includes Chief Executive Officer Brad Iles; Chief Financial Officer William Butler; Chief Commercial Officer Stephen Luskey; and Chief Operating Officer Ryan Jaggi.

Prior to Brazos’ formation, Mr. Iles served as Senior Vice President of Business Development for EnLink Midstream Partners, formerly Crosstex Energy (NYSE: ENLK). Mr. Iles led all of EnLink’s business development efforts for both the Natural Gas and Liquids Business Units. Mr. Butler joins the Brazos team having previously served as Chief Financial Officer of Athlon Energy Inc. (formerly NYSE: “ATHL”) until the company was acquired by EnCana Corporation in November 2014. Mr. Luskey most recently served as Regional Vice President for EnLink Midstream and was responsible for Permian business development activity including the development of EnLink’s Midland Basin platform. Having worked in both the upstream and midstream sectors, Mr. Jaggi’s energy experience includes the engineering, project management, and operations of all wellhead, gas gathering, treating, processing, and liquid handling facilities. Prior to founding Brazos, Mr. Jaggi served as Vice President of Engineering for Wildcat Midstream.

Brad Iles, CEO of Brazos, stated, “I couldn’t be more pleased with the team that we have assembled at Brazos Midstream. Each individual brings a diverse and complementary skill set that sets Brazos apart. With both upstream and midstream management experience, the Brazos team is committed to delivering the highest-level of personalized service to our producer customers.” Mr. Iles continued: “We are proud to partner with

Old Ironsides in the creation of Brazos Midstream. Old Ironsides’ management has significant experience in the oil and gas industry and has developed a reputation for being a preferred equity provider.”

Sean O’Neill, a Managing Partner at Old Ironsides Energy, said, “This partnership combines our proven history of oil and gas investing in North America with a first-class team of executives that have a strong track record of success in the energy industry.” Mr. O’Neill went on to comment,

“Our investment strategy centers on aligning ourselves with chosen partners like Brazos for the long term.”

About Brazos Midstream
Brazos Midstream Holdings LLC is a newly formed midstream company headquartered in Fort Worth, Texas. Brazos’ core competencies include crude gathering, gas gathering & processing, compression, treating, water & condensate handling and stabilization.

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About Old Ironsides Energy, LLC
Old Ironsides Energy, LLC is an independent oil and gas investment manager founded in 2013 by the former members of Liberty Energy Holdings, LLC. Since 2001, the team has built a multibillion-dollar platform for investing in energy private equity and drilling joint ventures and has a history of creating value in the oil and gas business.