Our History

In late 2014, Brazos Midstream was founded by Chief Executive Officer Brad Iles; Chief Financial Officer William Butler; Chief Commercial Officer Stephen Luskey; and Chief Operating Officer Ryan Jaggi.

Brazos announced it had partnered with Old Ironsides Energy, LLC to pursue the acquisition and development of midstream infrastructure across the United States, focusing on the development of crude and natural gas gathering, treating and processing assets.

Through the combination of several acquisitions, including Jetta Operating Company’s midstream assets and other greenfield projects, Brazos began to assemble a strong footprint in the Southern Delaware Basin.

Brazos announced the completion of several new growth projects in the Southern Delaware Basin. These included approximately 150 miles of natural gas gathering pipeline, a 60 MMcf/d natural gas processing plant named Comanche, 35-miles of crude oil gathering pipeline, and two crude oil storage terminals with a combined capacity of 50,000 bbls. Brazos also announced it had begun construction on a new 200 MMcf/d natural gas processing plant named Comanche II to further support the company’s ongoing growth in the region.

Later that year, Brazos announced it had expanded its credit facility to $200 million, which supported the expansion of ongoing operations in the southern Delaware Basin.

Brazos also announced the acquisition of midstream assets from Callon Petroleum Company, which positioned the company as one of the largest privately held natural gas and crude oil midstream operators in the Delaware Basin.

In January, the Comanche II processing plant became fully operational bringing the company’s total processing capacity in the region to 260 MMcf/d. Additionally the company accelerated construction plans for Comanche III, another 200 MMcf/d processing plant, to meet producer processing demand in the region.

In April, Brazos announced they had agreed to recapitalize the business and sell all the company’s Delaware Basin assets to Morgan Stanley Infrastructure for $1.75 billion. The Brazos management team remained intact, and the deal closed in May.

In late 2018, Brazos announced a new strategic joint venture with Williams to further enhance a best-in-class gathering and processing position in the Delaware Basin. The company’s asset footprint now included over 725 miles of gas gathering pipelines, 75-miles of crude oil gathering pipelines, 75,000 barrels of oil storage, and 260 MMcf/d of natural gas processing with another 200 MMcf/d of capacity under construction.

Brazos completed the Comanche III processing plant in early 2019, which brought the company’s total processing capacity to 460 MMcf/d. 

Brazos also announced new gathering and processing agreements with Shell Exploration and Production to construct an additional natural gas gathering system located in the core of the Delaware Basin. 

In late 2021, Brazos announced two major transactions that significantly broadened its Permian footprint: the acquisition of Rattler Midstream's Pecos Gas Gathering System in the Southern Delaware Basin, which added 150 miles of natural gas gathering pipeline and four (4) associated compressor stations. This bolt-on transaction complimented the company's existing high pressure natural gas gathering system and cryogenic processing complex located in Reeves County, Texas.

Brazos also announced the acquisition of the Mustang Springs Gas Gathering System in the Northern Midland Basin, with plans to expand the system to continue serving Diamondback Energy's and other producers' significant growth plans in the region.

The company executed its anchor processing agreements and began engineering design and procurement for its first processing facility in the Midland Basin.

Brazos continued to expand its business by adding additional Midland Basin customers and growing its processing platform further into Reagan and Howard counties. Construction began on the new Sundance I plant, a 200 MMcf/d cryogenic natural gas processing facility, along with associated midstream infrastructure.

The company also completed the issuance of a new $800 million senior secured Term Loan B, refinancing existing debt and expanding its revolving credit facility to enhance liquidity and financial flexibility. The transaction strengthened the company’s balance sheet and positioned Brazos to capitalize on future growth in the Permian Basin.

Brazos achieved several key milestones in the build-out of its Midland Basin gas gathering and processing system, including the completion of Sundance I, a cyrogenic natural gas processing plant located in Martin County, along with 200 miles of high-pressure natural gas gathering pipelines spanning the core of the Midland Basin, including Borden, Glasscock, Howard, Midland, Martin and Reagan counties.

The company also announced plans for an additional 300 MMcf/d processing plant, Sundance II, to accommodate customers’ forecasted production growth.

Brazos continues execution of Sundance II cryogenic processing plant and expands its gathering infrastructure further into the Midland Basin. The company also announced its plan to construct a new cryogenic processing complex, Cassidy, in Glasscock County.

Brazos Midstream expanded its senior credit facility to $1.1 billion, further supporting the company’s ability to execute natural gas gathering and processing growth projects across the Midland Basin.

Brazos announced commencement of Sundance II, a 300 MMcf/d cryogenic processing plant in Martin County, the largest constructed by the company to date. The company completed major expansions of its high-pressure gas gathering system and initiated construction on the Cassidy processing complex, which upon completion by year end 2026 will increase Brazos’ total Midland Basin processing capacity to 800 MMcf/d.