Energy Transfer Acquires Vaquero Midstream for $2.63 Billion
· Business · Bloomberg, Wall Street Journal
Energy Transfer LP has agreed to acquire Vaquero Midstream LLC in a cash-and-stock deal valued at approximately $2.63 billion. The transaction aims to expand the company's natural gas shipping network within the Permian Basin. Billionaire Kelcy Warren leads Energy Transfer, which operates extensive pipeline infrastructure across the US. The deal integrates Vaquero's existing midstream assets into Energy Transfer's broader energy operations.
Why it matters
The acquisition strengthens Energy Transfer's capacity to transport natural gas from the Permian Basin, a critical region for US energy production.
Read the original report — Bloomberg
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