The $1.6 billion deal strengthens Western Midstream’s position in the Permian Basin, a key U.S. oil and gas producing region.
Western Midstream Partners has agreed to acquire Brazos Delaware Midstream for $1.6 billion, expanding its operations in the Permian Basin. The deal includes midstream assets in the Delaware sub-basin, enhancing the company’s infrastructure and service capabilities in the region.
The acquisition follows a series of consolidations in the Permian, where producers seek to optimize logistics and reduce costs. Brazos Delaware’s assets include gas gathering and processing facilities, aligning with Western Midstream’s focus on natural gas and natural gas liquids.
Shares of Western Midstream remained stable in after-hours trading, reflecting investor sentiment around strategic growth in core energy markets.