AcquisitionMay 6, 2026Completed
🇺🇸 United States
BDBrazos Delaware II, LLCWMWestern Midstream Partners, LP
Energy › Midstream
Enterprise value$1.6BEnterprise value
AnnouncedMay 6, 2026
ConsiderationCash and stock
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Western Midstream Partners agreed to acquire all outstanding equity interests of Brazos Delaware II, LLC, a Texas Delaware Basin gathering and processing platform, in a transaction valued at approximately $1.6 billion, paid half in cash and half in WES common units.
Deal rationale
The acquisition expands WES's Delaware Basin gathering and processing footprint, adds dedicated acreage and processing capacity, diversifies its customer base, and is expected to be immediately accretive to 2026 Distributable Cash Flow per unit.
AI-generated from the SEC filingCompletedEnergy › MidstreamUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $1.6B | Headline figure |
| Consideration | Cash and stock |
Advisors
Buy-side
MMizuho (Greenhill)
Sell-side
JJefferies
Parties
Target
BDBrazos Delaware II, LLC
- Headquarters
- United States
- Ticker
- —