Energy Transfer Buys Vaquero Midstream for $2.6B

Energy Transfer is expanding its Permian Basin natural gas footprint with a $2.625 billion acquisition of Vaquero Midstream, according to NGINaturalGas. The deal adds a substantial gathering and processing network in the core of the Delaware sub-basin.

Permian Footprint Expansion

The transaction bolsters Energy Transfer's infrastructure capabilities within a key domestic energy-producing region. The acquired network focuses on gathering and processing natural gas directly from producers in the Delaware sub-basin.

Key facts

• Energy Transfer acquired Vaquero Midstream for $2.625 billion.
• The purchase adds a gathering and processing network in the Delaware sub-basin.
• The expansion targets the core of the Permian Basin natural gas footprint.