Trace Midstream to Construct Apollo Gas Plant, a New Natural Gas Processing Facility in the Northern Delaware BasinTrace Midstream Partners II, LLC (“Trace”), a portfolio company of Quantum Capital Group (“Quantum”), announced today that it will construct the Apollo Gas Plant, a new 250 million cubic feet per day (MMcf/d) natural gas processing facility in Eddy County, New Mexico. Trace will also construct 36 miles of gathering pipelines and two compressor stations. Supported by multiple long-term contracts from both new and existing customers and expected to be in service in the fourth quarter of 2027, this new infrastructure will give Northern Delaware Basin producers a single, integrated outlet spanning low-pressure gathering, compression, transportation and natural gas processing.
Trace Midstream Enters the Northern Delaware Basin With the Acquisition of LM Energy’s Natural Gas Gathering and Transportation Infrastructure
Trace Midstream Partners II, LLC (“Trace”), a portfolio company of Quantum Capital Group (“Quantum”), announced today that it has entered into agreements with LM Energy Delaware, LLC (“LM Energy”), a portfolio company of Old Ironsides Energy, LLC (“Old Ironsides Energy”), to acquire its natural gas gathering and transportation assets in the Northern Delaware Basin.
