Canes Midstream LLC, Dallas, closed a deal to acquire Cogent Midstream LLC, Dallas, the company said in a release May 25.
The Cogent assets, in the Southern Midland basin, include 520 MMcfd of processing capacity, over 800 miles of pipelines, 42 compressor stations, a crude oil gathering system, and acreage dedications from a group of Midland basin-focused producers, Canes said in a release May 25.
The Cogent system spans 10 counties in the basin with a large portion of the infrastructure in Reagan and Irion counties.
Canes is a portfolio company of EIV Capital and Denham Capital.