Western Midstream Announces Expansion Of Powder River Basin Footprint With The Acquisition Of Meritage Midstream
Western Midstream Announces Expansion Of Powder River Basin Footprint With The Acquisition Of Meritage Midstream
09/05/23, 11:04 AM
Location
the woodlandsIndustry
energy
oil and gas
energy
Western Midstream Partners, LP (“WES” or the “Partnership”) (NYSE: WES) today announced that one of its operating subsidiaries has signed an agreement to acquire Meritage Midstream Services II, LLC (“Meritage”) in an all-cash transaction for a purchase price of $885 million, subject to customary adjustments. Meritage, a privately held midstream company headquartered in Denver, Colorado, owns and operates a large-scale natural gas gathering and processing business in the Powder River Basin of Wyoming. Completion of the transaction is expected in the fourth quarter of 2023, subject to customary closing conditions and regulatory approvals.
Company Info
Location
The Woodlands, Texas, United States
Company info
As a midstream service provider, we help deliver essential energy and inputs that improve the quality of life across the globe. We focus on ensuring the reliability and performance of our systems, creating sustainable cost efficiencies, enhancing our safety culture, and protecting the environment.