June 24, 2026 [Storage Terminals Magazine]- Western Midstream Partners, LP (WES) has completed its previously announced acquisition of Brazos Delaware II, LLC (Brazos) in a transaction valued at approximately $1.6 billion.

The acquisition consideration consisted of roughly $800 million in cash and $800 million in WES common units. As part of the transaction, WES issued approximately 19.4 million common units, based on the volume-weighted average price of its common units at the time the acquisition agreement was executed.

The deal expands WES’s gathering and processing operations in the Delaware Basin, strengthening the partnership’s position in one of the most active oil and gas producing regions in the United States.

According to the company, the acquisition aligns with its capital allocation strategy of investing in opportunities that support the sustainability and growth of distributions to unitholders. WES also noted that the transaction is expected to be accretive to key per-unit financial metrics while maintaining the partnership’s balance sheet strength and investment-grade credit profile.

In addition, the acquisition is expected to broaden WES’s customer base and diversify its ownership structure, further enhancing the partnership’s long-term growth prospects in the Delaware Basin.