Brazos Midstream

Brazos Delaware, LLC acquired the Pecos Gas Gathering System from Diamondback Energy, Inc. and Rattler Midstream. Brazos Midland, LLC acquired Diamondback’s Mustang Springs Gas Gathering System, doing business as Permian Gathering, LLC.

Brazos Midstream executed gathering and processing agreements with Shell Exploration & Production to build a natural gas gathering system in the Delaware Basin. The project includes 55,000 acres of fee-based dedications and 16 miles of high-pressure pipeline.

Brazos Midstream subsidiary Brazos Delaware II LLC issued an $800 million senior secured Term Loan B due February 2030 and used the proceeds and cash to repay an existing $830 million loan due May 2025. Brazos also increased its undrawn revolving credit facility to $150 million from $90 million.

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Robert “Bobby” Masterson has over 20 years of energy-related legal experience, with a focus on oil and gas transactional matters, the acquisition and divestiture of oil and gas producing and non- producing assets, commercial contracts, and land related matters.

Brad Iles is Chief Executive Officer and a founding partner of Brazos Midstream with over 20 years of experience in the energy industry. Since its formation in 2015, Brazos has successfully grown to become one of the largest privately-held midstream companies within the Permian Basin.

Ryan Jaggi has decades of experience in energy engineering, project management, and operations. He previously led engineering and project management for Wildcat Midstream Partners’ Permian and Caddo assets and worked as a senior engineer at XTO Energy.

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Brazos Midstream is the premier midstream services provider in the Permian Basin.