Home / Business and Economy / Energy Transfer Buys Texas Gas Assets for $2.63B
Energy Transfer Buys Texas Gas Assets for $2.63B
6 Oct
Summary
- Energy Transfer LP acquired Vaquero Midstream LLC for $2.63 billion.
- The deal includes three natural gas processing plants in Texas.
- Vaquero's midstream infrastructure spans the Delaware Basin.
Energy Transfer LP has finalized an agreement to purchase Vaquero Midstream LLC for an estimated $2.63 billion. The transaction is being settled through a combination of cash and stock.
This acquisition significantly bolsters Energy Transfer's footprint in Texas, integrating Vaquero's existing midstream assets. The deal includes three natural gas processing plants.
Furthermore, the acquired infrastructure spans across the Delaware Basin. This expansive network is situated in key Texas counties: Loving, Reeves, Ward, and Winkler.
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