Mergers & Acquisitions ·
On June 11, 2026, Western Midstream Partners, LP consummated the acquisition of Brazos Delaware II, LLC from Brazos…
WESWestern Midstream Partners, LP
On June 11, 2026, Western Midstream Partners, LP consummated the acquisition of Brazos Delaware II, LLC from Brazos Permian II, LLC for approximately $1.6 billion. The purchase price consisted of $800 million in cash and 19,389,239 common units valued at approximately $800 million. A concurrent Registration Rights and Lock-Up Agreement requires the Partnership to file a registration statement for the issued units within 60 days and prohibits the seller from transferring the units for six months, subject to customary exceptions. The company operates in the midstream energy industry, providing gathering, processing, and transportation services for hydrocarbons.