As negative natural gas prices plague the Permian Basin, one of the play’s largest privately held midstream firms is seeking to alleviate takeaway constraints to generate value for oil producers.
“The Permian is in desperate need of additional gas gathering and processing capacity to support producers’ robust drilling programs and the associated gas that comes along with the region’s crude oil,” Brazos Midstream CFO William Butler told NGI.
Brazos is in the process of adding 500 MMcf/d of gas processing capacity and 175 miles of gas gathering capacity by the end of 2025 in the Permian’s Midland sub-basin.