Our History

Proven Track Record of Success

Brazos Midstream is a privately held midstream company with a history of executing and growing in one of the most active and economic oil and gas producing regions in the country, the Delaware Basin.

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2014

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2014

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.

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2015

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2015

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.

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2016

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2016

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.

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2017

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2017

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 would support 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 private natural gas and crude oil midstream companies in the Delaware Basin.

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2018

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2018

In January, the Comanche II processing plant became fully operational bringing Brazos’ 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 of Brazos’ 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. Brazos’ asset position 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.

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2019

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2019

Brazos completed Comanche III processing plant in early 2019, which brought 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. With this growth, Brazos anticipates further expansion of its processing complex with Comanche IV, a new 200 MMcf/d plant, and expects construction to begin as early as 2020.