Western Midstream acquires Brazos Delaware for $1.6B to expand Delaware Basin footprint

Type: Acquisition · Technology: Oil Gas · Country: United States · Value: $1.6B · Announced: 2026-05-08

Western Midstream agreed to acquire Brazos Delaware for $1.6 billion, significantly expanding its footprint and processing capacity in the southern Delaware Basin. The transaction adds 1.6 billion cubic feet per day of processing capacity and reinforces Western Midstream's focus on long-lived, fee-based infrastructure assets. The deal reduces customer concentration by diversifying Western Midstream's customer base in the region. Expected to close in mid-2026, the acquisition underscores Western Midstream's strategy of scale-building through strategic M&A in core U.S. shale basins. Barclays and Credit Suisse advised Western Midstream on the transaction.

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