Brazos Midstream Announces Extension of Delaware Basin Gathering System to Support Processing Agreement with Shell Exploration & Production
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Project anchored by fifteen year, fee-based acreage dedications
totaling 55,000 acres in the core of the Texas Delaware Basin
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Comanche III, a new, fully operational 200 MMcf/d natural gas
processing plant, further enhances Brazos’ ability to respond quickly
to growing producer customers’ needs
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 totaling 55,000
acres in Loving, Ward, and Winkler counties. Brazos will construct 16
miles of high-pressure pipeline that will extend from the Company’s
existing gathering and processing systems and can be expanded further to
support multi-well pad development by current producer customers, as
well as other producers in the area.
Brazos also announced it recently commissioned the Comanche III plant, a
200 million-cubic-feet-per-day (MMcf/d) cryogenic natural gas processing
plant. Comanche III, which began processing volumes in the first quarter
of 2019, is the third plant in Brazos’ natural gas processing complex,
located in Reeves County, Texas, and brings Brazos’ total operated
processing capacity in the region to 460 MMcf/d. 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.
“We are very pleased to announce the expansion of our relationship with
Shell Exploration and Production, one of world’s premier oil and gas
companies, as well as the completion of our Comanche III processing
plant,” said Brad Iles, Brazos Chief Executive Officer. “These projects
are a testament to the strength of our operating team and demonstrate
our commitment to aggressively expand our asset base in support of our
upstream customers. We remain committed to offering comprehensive,
best-in-class midstream services and will continue to leverage our
extensive experience in the region and our strong customer relationships
as we grow in one of the most economic oil and gas producing regions in
the country.”
About Brazos Midstream
Headquartered in Fort Worth, Texas, Brazos is one of the largest private
natural gas and crude oil midstream companies in the Delaware Basin. The
Company’s assets are located in Reeves, Ward, Loving, Winkler, and Pecos
counties and include approximately 800 miles of intrastate natural gas
and crude oil gathering pipelines, a natural gas processing complex with
460 MMcf/d of processing capacity and approximately 75,000 barrels of
crude oil storage. Brazos serves leading major and independent oil and
gas producers, which together have made long-term dedications for over
500,000 acres.
For more information, please visit brazosmidstream.com.
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Copyright Business Wire 2019
Source: Business Wire
(June 12, 2019 - 4:00 PM EDT)
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