Announced
Completed
Financials
Sources
Tags
Gas gathering
United States
Integrated Oil and Gas
Acquisition
Private
Completed
Majority
Single Bidder
Domestic
Friendly
Synopsis
Brazos Delaware Gas, a private natural gas and crude oil midstream company, completed the acquisition of Pecos County gas gathering assets from Rattler Midstream, a company owns, operates, develops, and acquires midstream infrastructure assets, for $93m. Brazos has operated the Pecos Gas Gathering System, located in the Southern Delaware Basin, on behalf of Diamondback and Rattler since 2017. The system will add an additional 150 miles of natural gas gathering pipeline and four associated compressor stations, complementing the Company’s existing high pressure natural gas gathering system and cryogenic processing complex located in Reeves County, Texas.
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