Brazos Midstream completes new gas processing facility and announces further expansion plans
Published by Isabel Stagg,
Editorial Assistant
World Pipelines,
Brazos Midstream, a company focused on the Permian Basin, has announced the completion of a new gas processing facility and further expansion plans, reports GlobalData.
The Sundance I facility in Martin County, Texas, with a capacity of 200 million ft3/d, is set to commence operations in October 2024.
This marks a key step in the company's strategy to enhance its infrastructure in the Midland Basin.
Brazos is also nearing the end of constructing roughly 280 km of high-pressure natural gas gathering pipelines ranging from 16 in. to 24 in. in diameter.
These pipelines, along with additional midstream assets, span Ector, Glasscock, Howard, Martin, Midland and Reagan counties in the Midland Basin.
Once this phase is finished, Brazos will manage around 418 km of natural gas-gathering pipelines and ten compressor stations in the region.
To support anticipated production growth, Brazos has also revealed plans to build another cryogenic gas processing facility with a 300 million ft3/d capacity, projected to be operational in the second half of 2025.
This expansion will increase the company's total processing capacity to 500 million ft3/d.
Brazos CEO Brad Iles said: “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.
“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.”
The new gathering and processing system is part of the company’s affiliate Brazos Midstream Holdings III, supported by investments from Old Ironsides Energy, Encap Flatrock Midstream, Brazos management and other strategic investors.
Additionally, Brazos has secured a new preferred equity investment with EOC Partners, Elda River Capital and co-investors and has expanded its existing revolving credit facility, led by BOK Financial.
These financial partnerships provide Brazos with the resources to continue its growth in the Permian Basin.
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Read the article online at: https://www.worldpipelines.com/business-news/19082024/brazos-midstream-completes-new-gas-processing-facility-and-announces-further-expansion-plans/
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