Canes Midstream, a Dallas-based portfolio company of EIV Capital and Denham Capital, has acquired Cogent Midstream for an undisclosed amount.
Located in the Southern Midland Basin, Cogent assets include 520 million cubic feet per day of processing capacity, more than 800 miles of pipelines, 42 compressor stations, a crude oil-gathering system and substantial acreage dedications from a diverse group of Midland Basin-focused producers.
The Cogent system spans 10 counties in the Midland Basin, with the bulk of the infrastructure in Reagan and Irion counties.
“I was with these assets at inception and am excited to return and continue to grow them,” said Scott Brown, founder and CEO of Canes. “With our newer facilities and the significant capital invested by Cogent to date, we are well positioned to grow the system and provide best-in-class midstream services to our existing and future customers. I believe Canes will be the preferred midstream service provider
