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Brazos Midstream Completes Issuance of New $800 Million Senior Secured Term B Loan

Press Releases

FORT WORTH, TX – February 9, 2023 –  Brazos Midstream (“Brazos”) (the “Company”) today announced that its subsidiary, Brazos Delaware II LLC, has completed the issuance of a new $800 million senior secured Term Loan B due February 2030. The Company used the net proceeds from the Term Loan, along with excess balance sheet cash, to repay its existing $830 million Term Loan B due May 2025. As part of the transaction, Brazos has also increased its currently undrawn super-priority revolving credit facility to $150 million from $90 million and extended the facility’s maturity date to 2028.

Brazos midstream announces Delaware Basin acquisition and new venture in Northern Midland Basin.

Press Releases

FORT WORTH, TX – November 3, 2021 – Brazos Midstream (Brazos) today announced two significant transactions in the Permian Basin region of West Texas. Brazos Delaware, LLC acquired the Pecos Gas Gathering System (Pecos) from Diamondback Energy, Inc. (Diamondback) and its midstream affiliate Rattler Midstream (Rattler). Additionally, newly-formed Brazos Midland, LLC has closed on the acquisition of Diamondback’s Mustang Springs Gas Gathering System, dba Permian Gathering, LLC (Mustang Springs).

Brazos Midstream Announces Extension of Delaware Basin Gathering System to Support Processing Agreement with Shell Exploration & Production

Press Releases

FORT WORTH, TX – June 12, 2019 – Brazos Midstream (“Brazos” or “the Company”) today announced it has executed gathering and processing agreements with Shell Exploration & Production to construct a new natural gas gathering system located in the core of the Delaware Basin. Brazos’ new midstream infrastructure is anchored by fifteen year, fee-based acreage dedications…

Williams and Brazos Midstream Announce New Strategic Joint Venture in the Permian Basin

Press Releases

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…

Brazos Midstream Completes Sale of Delaware Basin Subsidiaries to Morgan Stanley Infrastructure

Press Releases

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…

Brazos Midstream Agrees to Sell Delaware Basin Subsidiaries to Morgan Stanley Infrastructure for $1.75 billion

Press Releases

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…

Brazos Midstream Acquires Callon Petroleum Company’s Natural Gas Gathering System in Southern Delaware Basin

Press Releases

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…

Brazos Midstream Announces Expansion of Credit Facility to $150 Million

Press Releases

FORT WORTH, TEXAS – Brazos Midstream Holdings, LLC (“Brazos”) (the “Company”) today announced that its subsidiary, Brazos Delaware LLC, has completed an expansion of its senior credit facility to $150 million in commitments from a syndicate of banks. Additionally, the facility has an accordion feature, which can expand total commitments to $200 million. These funds support…

Brazos Midstream Announces New Growth Projects in Southern Delaware Basin

Press Releases

FORT WORTH, TEXAS – Brazos Midstream Holdings, LLC (“Brazos”) (“The Company”) today announced the completion of multiple crude oil and gas gathering and processing projects in the southern Delaware Basin, one of the most active oil and gas producing basins in the United States. Brazos commenced operation of a new 60 million cubic feet per day…

Brazos Midstream and Old Ironsides Partner to Pursue Midstream Investments

Press Releases

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…

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