Established in Q1 2015 and based in Houston, Nuevo Midstream Dos, LLC was formed by Nuevo Midstream, LLC's leadership team following the company's $1.5 billion sale to Western Gas Partners in October 2014. The members of the Nuevo Dos management team have significant experience in developing, constructing and operating strategic midstream assets and in oil, gas and liquids marketing. Nuevo Dos will pursue organic and strategic acquisition opportunities across North America. Capabilities include:
natural gas gathering, compression, treating, processing and transportation;
fractionation and NGL storage and takeaway;
gathering, storage and transportation of crude oil and condensate; and
Nuevo Dos is backed by a $400 million initial capital commitment from EnCap Flatrock Midstream. Nuevo Dos' management team’s proven ability to respond to producers' needs for midstream services with an emphasis on execution and service puts Nuevo in a strong position to meet the accelerating demand for midstream infrastructure across North America.
case study & timeline: The Ramsey Gas Gathering & Processing System
Nuevo Midstream’s operations in the Delaware Basin began in April 2011, when the company acquired a 130-mile gas gathering system and, later that year, reactivated a small J-T processing plant. At the time of its sale to Western Gas in October 2014, Nuevo's assets included 300 million cubic feet per day (MMcf/d) of operational cryogenic processing capacity at its Ramsey processing complex in Reeves County, Texas; 1,800 gallons per minute (gpm) of treating capacity; four field compressor stations; and a 275-mile gas gathering system that spanned a five-county area. An additional 30 miles of gathering pipeline was under construction with an additional 400 MMcf/d of processing capacity purchased and scheduled to come into service in 2015. Nuevo’s gathering and processing system was supported by long-term acreage dedications of approximately 150,000 acres and volume commitments from 47 producers operating in an area with multiple, stacked pay zones. Nuevo’s producer customers included numerous blue-chip shale developers operating substantial drilling and development programs.