Brazos Midstream achieves significant milestones in buildout of Midland Basin gas gathering and processing system
Brazos Midstream has completed several significant milestone projects consisting of major new-build pipelines and processing facilities located in the core of the Midland Basin, one of the most active oil and gas producing regions in the United States.
Midland Basin system overview. Brazos’ buildout of new Midland Basin gas midstream infrastructure is anchored by the installation of a new 200-MMft3d cryogenic gas processing facility (Sundance I) located in Martin County, Texas (U.S.). The plant is mechanically complete and will commence operations in October 2024.
The company is also in the final stages of constructing approximately 175 mi of 16-in. through 24-in. high-pressure natural gas gathering pipeline and other associated midstream infrastructure spanning the core of the Midland Basin, including Ector, Howard, Martin, Midland, Glasscock and Reagan counties. Upon completion of this initial phase of construction, Brazos will operate approximately 260 total mi of natural gas gathering pipelines and 10 compressor stations in the Midland Basin.
To accommodate forecasted production growth, the company also announced that it will construct an additional 300-MMft3d cryogenic gas processing facility, which is expected to be operational in the second half of 2025 and, once complete, will bring the company’s total processing capacity to 500 MMft3d.
This new, expansive gathering and processing system is owned by Brazos Midstream Holdings III LLC, which is backed by equity commitments from Old Ironsides Energy, Encap Flatrock Midstream, Brazos management and other strategic investors. In addition, Brazos announced that it has recently closed a new preferred equity investment with EOC Partners, Elda River Capital and co-investors, and has significantly upsized its existing revolving credit facility, led by BOK Financial. These partnerships allow Brazos the financial strength and flexibility to continue to aggressively grow its footprint.
“These expansion projects are a testament to our continued commitment to build high-quality assets in the Permian Basin and provide the highest level of service for our producer customers,” said Brad Iles, Brazos Chief Executive Officer. “The Permian Basin accounts for a quarter of all marketed natural gas production in the Lower 48 and, despite being discovered over a century ago, production is estimated to continue increasing for years to come. Our asset base represents mission critical infrastructure that provides reliable capacity for existing Permian gas production that has been historically underserved.”
Related News
Related News
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
Comments