⚠ Boundaries are approximate — estimated from deed legal description (M. Copeland Survey, Abstract No. 88, Hood County). Verify with Hood CAD before any action.
Deed Summary
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Deed Type
Special Warranty Deed
Effective Date
April 17, 2024
Recorded
April 18, 2024, 10:29 AM
Instrument No.
2024-0004888 — Hood County
Grantor
Cowtown Gas Processing Partners L.P. (EnLink Barnett Gas Services GP, LLC, general partner)
Grantee
Century Oaks Independent Farm, LLC
Grantee Address
11380 FM 50, Brenham, TX 77098
Consideration
$10.00 nominal + other good & valuable consideration
County
Hood County, Texas
Survey
M. Copeland Survey, Abstract No. 88, Hood County TX
County Clerk
Katie Lang — Hood County Clerk — (817) 579-3222
Return To
Bluebonnet Abstract and Title, LLC, 301 E Main St, Brenham, TX 77833-3705
Grantor Signatory
Christopher J. Greneaux — Director of Land, EnLink Barnett Gas Services GP, LLC
Pipeline Reservation
Grantor reserves all right, title, and interest in pipelines and appurtenant facilities on, over, below, or across the land
Tract One
3.833 acres (166,956.7 sq ft) — M. Copeland Survey, Abstract No. 88. Bound by County Road 326 at SE corner; conveyed out of a called 51.93 acres tract (Vol 2028, Pg 992).
Tract Two
25.85 acres — M. Copeland Survey, Abstract No. 88. Being part of a called 51.93-acre tract described in Warranty Deed to Quicksilver Resources Inc. (Vol 2028, Pg 0992).
Total Site
~29.683 acres combined (Tract One: 3.833 ac + Tract Two: 25.85 ac)
Power Access
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Utility / Provider
ERCOT — Abbey Bend 138kV substation (existing live interconnection); on-site 24″ OneOK natural gas pipeline tap for hybrid/behind-the-meter optionality
Nearest Substation
Abbey Bend Substation (Bus 350, 138kV) — on-site / existing interconnection, GPS 32.33458, -97.67317
Distance to Substation
On-site — site sits behind an existing, live ERCOT interconnection at the Abbey Bend substation
Available / Interconnect Capacity
17 MW operational today; 111.6 MW of validated headroom per ERCOT Capacity Report (Bus 350, Withdrawal Summer Peak Stressed, base case 2030, prepared 4/9/2026); scalable up to ~650 MW with network upgrades
Interconnection Voltage
138 kV at Abbey Bend substation (Bus 350); 3 transformers on-site; ~1,728.7 total transmission line miles in study footprint
Interconnect Queue Status
Active/operational — existing 17 MW interconnection live behind the meter. 28 pre-existing system issues identified in ERCOT study, totaling ~$2.636B, but these are TSP/ERCOT-allocated (not customer-funded); customer-allocated upgrade cost to scale site is estimated at ~$5–17M depending on phase
Site Infrastructure
~30 acres + ROFR on ~20 adjacent acres; 30,000 sqft industrial building w/ 10-tonne overhead crane + office + smaller warehouse; 2 on-site water wells; non-operating 5.5 MW gas turbine on-site (~$1.4M salvage value). Power cost ~$45/MWh.
Development Tracks (per investment memos)
Track 1 (On-Grid): Monetize existing 17MW — bitcoin miner offtake at $55–60/MWh (12-mo contract) transitioning to colo/HPC offtake at $90–120/MWh (3-yr contract) around month 13. Track 2 (Grid Powered Shell): 111MW powered shell build (~$1.12B capex), construction starting 2030, in-service ~2032–33, target lease economics $200–250/MWh equiv. Track 3 (Behind-the-Meter): 200MW via two 100MW Wartsila gas-generation packages fed by the on-site OneOK tap, ~$2.44B capex (excl. adjacent land), Phase A in-service ~2029, independent of ERCOT interconnection timing.
Notes
Underlying real estate contract is a TREC contract for ~29 acres at CR326, Cleburne, TX between Buyer Joel Fulford and Seller Kevin Hoot; a 5/20/2026 amendment allows Buyer to assign the contract and extends the closing date (June 15, 2026) by up to 30 days. The site already carries a live ERCOT interconnection — one of the strongest power positions of any BDE site reviewed to date. Confirm assignability of the underlying purchase contract and whether the Abbey Bend interconnection rights transfer with the real property.
Key Flags & Notes
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Pipeline Reservation — Grantor Retains Subsurface / Surface Pipeline Rights
Cowtown Gas Processing Partners (EnLink) expressly reserved all pipeline and appurtenant facility rights on, over, below, or across the land. Confirm with Century Oaks the extent of active pipelines and whether any surface restrictions apply to BDE's planned facility.Special Warranty Deed — Title Warranted Against Grantor's Claims Only
This is a Special Warranty Deed (not General Warranty). EnLink/Cowtown warrants title only against claims arising through Grantor — not against the world. Confirm title insurance was obtained by Century Oaks, and verify chain of title for any pre-existing liens or encumbrances.Prior Industrial / Pipeline Use — Cowtown Gas Processing (EnLink)
The property was conveyed from an EnLink subsidiary (Cowtown Gas Processing Partners) — a gas processing company. Confirm no remaining environmental liabilities, contamination, or pipeline easements that would restrict BDE's facility development. EnLink is the general partner.BDE Relationship with Century Oaks Independent Farm LLC
Century Oaks (11380 FM 50, Brenham TX) is the recorded landowner. Confirm whether BDE owns, leases from, or has another arrangement with Century Oaks. If BDE leases, obtain and review the lease terms and confirm expiry / renewal obligations.
Recommended Next Actions
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1
Confirm BDE's legal relationship with Century Oaks Independent Farm, LLC
Is BDE a lessee, owner, or operator under a services agreement? Pull the relevant lease or operating agreement from the data room. Century Oaks address: 11380 FM 50, Brenham, TX 77098.
2
Assess pipeline reservation impact on facility development
EnLink (Cowtown Gas) reserved pipeline rights across the property. Obtain pipeline as-built maps from EnLink / Midstream or Hood County records to determine where active lines cross and whether they restrict building placement for the 17 MW facility.
3
Confirm title insurance and search for liens / prior encumbrances
Special Warranty Deed only covers Grantor's claims. Contact Bluebonnet Abstract and Title, LLC (301 E Main St, Brenham TX 77833) to confirm title insurance was issued and check for any prior liens, easements, or encumbrances in the Hood County records.
4
Verify Hood County / Johnson County jurisdiction and zoning
BDE's address (2400 County Road 236, Cleburne TX 76033) is in Johnson County; the deed is in Hood County. Confirm which jurisdiction governs this site, and verify zoning / permitting authority for the 17 MW facility. Hood County: (817) 579-3200.
5
Confirm power access — contact PEC or Oncor for Hood County
Identify the serving utility for the Hood County site location and confirm available capacity for 17 MW. Oncor and Pedernales Electric Cooperative (PEC) both serve parts of Hood County.
Parties & Contacts
Century Oaks Independent Farm, LLC
Landowner
RoleCurrent owner of record — Hood County parcel
Address11380 FM 50, Brenham, TX 77098
Deed DateApril 17, 2024 — Inst. 2024-0004888
NotesConfirm BDE's legal relationship (lease vs. ownership). Contact via Texas SOS or pull lease from data room.
KEY LANDOWNER
Cowtown Gas Processing Partners L.P.
Prior Owner / EnLink
RolePrior owner (grantor) — EnLink subsidiary
GPEnLink Barnett Gas Services GP, LLC
SignatoryChristopher J. Greneaux, Director of Land
Pipeline RightsReserved all pipeline / appurtenant facility rights on, over, below, across the land
EnLink HQDallas, TX — (214) 953-9500
PRIOR OWNER
Bluebonnet Abstract & Title, LLC
Title Company
RoleDeed return-to / title agent
Address301 E Main St, Brenham, TX 77833-3705
NotesContact to confirm title insurance was issued and to pull chain-of-title search for Hood County parcel.
TITLE AGENT
Hood County Clerk
Katie Lang
Phone(817) 579-3222
Address201 W Bridge Street, PO Box 339, Granbury, TX 76048
NotesPrimary records office for Hood County deed and title research.
COUNTY RECORDS