Mora Energy Buys Two Midland Basin Gas Systems to Build Permian Platform
Dallas-based Mora Energy has closed two acquisitions to build a natural gas gathering, compression and treating platform in the Midland Basin, Permian Basin Oil & Gas Magazine reports.
Mora acquired Tejon Treating and Carbon Solutions from Bayswater Exploration and Production, along with West Texas Midstream Gas Services from Williams Cos. Tejon brings gathering, compression and sour gas treating capability in the northeastern Midland Basin through its Mongoose gas plant. The West Texas Midstream deal adds the Quail system, gathering and compression infrastructure also located in the northeast Midland Basin.
Market Impact
Combined, the two deals give Mora roughly 200 miles of natural gas gathering pipelines, four compressor stations, an amine treating plant and an acid gas injection well spread across Andrews, Borden, Howard, Martin, Mitchell and Scurry counties. That footprint marks Mora’s re-entry into owning and operating midstream infrastructure in the Permian Basin.
Elliott Gerson, Mora’s CEO, called the acquisitions “an important milestone for Mora and our team’s return to owning and operating midstream infrastructure in the Permian Basin” in an August 12 statement. Gerson added that the company is “excited to be back in the market” and intends “to move quickly to pursue both organic development and acquisition opportunities.”
What It Means for Subcontractors
- Compression and treating contractors serving Andrews, Borden, Howard, Martin, Mitchell and Scurry counties should reach out to Mora directly given the CEO’s stated intent to move quickly on organic development, since new build-out work could follow the closing of these deals.
- The acquired assets include an amine treating plant and acid gas injection well, which points to near-term demand for sour gas treating specialists and instrumentation/controls (E&I) subs familiar with acid gas handling in the northeast Midland Basin.
- Pipeline integrity and maintenance crews should note the roughly 200 miles of gathering pipeline now under Mora’s ownership; operational transitions after an acquisition often trigger inspection, tie-in and recompletion work as the new owner integrates the Tejon (Mongoose plant) and Quail systems.
- Because Mora describes this as a platform-building move rather than a one-off purchase, subs should expect follow-on acquisition or expansion announcements in the Midland Basin and position early for gathering, compression station and treating subcontract packages tied to those future deals.
