Private equity-backed Canes Midstream LLC said Wednesday it has closed on its acquisition of Permian Basin midstream firm Cogent Midstream LLC.


Located in the southern portion of the Permian’s Midland sub-basin, the Cogent assets include 520 MMcf/d of natural gas processing capacity, over 800 miles of pipelines, 42 compressor stations, a crude oil gathering system, “and substantial acreage dedications from a diverse group” of Midland-focused producers, Canes management said. 

The Cogent system spans 10 Texas counties, with most of the infrastructure located in Reagan and Irion counties. 

“I was with these assets at inception and am excited to return and continue to grow them,” said Canes CEO Scott Brown. “With our newer facilities and the significant capital...