Brazos Midstream, a Fort Value, Texas-headquartered midstream providers supplier, has put in a brand new 200 million cubic ft per day (MMcf/d) cryogenic fuel processing facility in Martin County. Along with the newly constructed facility named Sundance I, Brazos Midstream determined to assemble a further 300 MMcf/d cryogenic fuel processing facility.
Sundance I is a significant anchor level of Brazos’ Midland Basin fuel midstream infrastructure. The corporate stated in a media launch that the plant is mechanically full and can begin operations in October 2024.
Moreover, the corporate stated it’s within the remaining levels of developing 175 miles of 16-inch via 24-inch high-pressure pure fuel gathering pipeline and different related infrastructure. The infrastructure spans the core of the Midland Basin, together with the counties of Ector, Howard, Martin, Midland, Glasscock, and Reagan.
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Upon completion of the preliminary section of building, the corporate stated that it will function roughly 260 whole miles of pure fuel gathering pipelines and 10 compressor stations within the Midland Basin.
The extra 300 MMcf/d cryogenic fuel processing facility will accommodate anticipated manufacturing development. The ability is anticipated to be operational within the second half of 2025. As soon as full it’s going to push Brazos’ processing capability to 500 MMcf/d.
Brazos Midstream Holdings III LLC owns the brand new gathering and processing system, backed by fairness commitments from Outdated Ironsides Power, Encap Flatrock Midstream, Brazos administration, and different strategic buyers.
Brazos closed a brand new most well-liked fairness funding with EOC Companions, Elda River Capital, and co-investors and has upsized its current revolving credit score facility led by BOK Monetary.
“The Permian Basin accounts for 1 / 4 of all marketed pure fuel manufacturing within the Decrease 48 and, regardless of being found over a century in the past, manufacturing is estimated to proceed growing for years to come back. Our asset base represents mission-critical infrastructure that gives dependable capability for current Permian fuel manufacturing that has been traditionally underserved”, stated Brad Iles, Brazos Chief Government Officer.
Brazos’ belongings embody the Comanche pure fuel processing complicated and roughly 900 miles of pipelines. They service manufacturing from roughly 540,000 devoted acres and over 25 upstream producer clients.
To contact the writer, e mail andreson.n.paul@gmail.com
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