Fort Worth-based Brazos Midstream Holdings, LLC and its financial sponsor, Old Ironsides Energy, 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 second quarter of 2018.

Brazos’s Delaware Basin assets are located in Reeves, Ward and Pecos counties and include approximately 350 miles of natural gas and crude oil gathering pipelines, a natural gas processing complex wi...


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