Energy Transfer (ET): To buy Vaquero Midstream for $2.63B in cash and units

Energy Transfer agreed to buy Vaquero Midstream for about $2.63B: $1.95B in cash plus roughly 33.3M new units. The deal adds Delaware Basin gas processing that links to its existing network, and the company expects it to be immediately accretive. Close is targeted for Q4.

Sources

• Energy Transfer to buy Vaquero Midstream for $2.63 billion in cash and stock (BOE Report)
• Energy Transfer to buy Vaquero Midstream for $2.6bn (Offshore Technology)
• Energy Transfer to Acquire Vaquero Midstream in $2.63 Billion Texas Deal (Bloomberg)