Ironwood Midstream Energy Partners II LLC has expanded its crude oil midstream footprint in the Eagle Ford shale as a result of an asset combination with Nuevo Midstream Dos. Both companies are financially backed by EnCap Flatrock Midstream.
Ironwood II has assumed management of the Nuevo assets including about 100 miles of crude oil gathering pipeline in Lavaca, Gonzalez, and Fayette counties that feed the Lavaca terminal, which consists of 300,000 bbl of crude oil storage and a six-bay truck station. The system also includes a 26-mile intermediate pipeline that moves volumes from the terminal to third-party transportation pipelines with access to refineries, petrochemical plants, and export terminals on the Texas Gulf Coast.
Ironwood II now operates about 400,000 b/d of crude oil throughput capacity and 410 MMcfd of natural gas throughput capacity in the Eagle Ford region. The company operates 390 miles of crude oil and natural gas pipelines with 245,000 dedicated net acres.
In the Permian basin, Ironwood operates a crude oil gathering system in Midland County with 40,000 b/d of throughput capacity that delivers to Centurion Pipeline.