Brazos Midland, an independent midstream energy company, completed the acquisition of Mustang Springs Gas Gathering assets from Diamondback Energy, an independent oil and natural gas company, for $54m. The Mustang Springs Gas Gathering System, located in the Northern Midland Basin, currently serves Diamondback in central Martin County, Texas. The Mustang Springs system will be expanded to serve both Diamondback and other producers’ significant growth plans in the area. Mustang Springs was acquired by Brazos Midland, a new entity formed to develop natural gas gathering and processing infrastructure in the Northern Midland Basin.