Western Midstream acquires Brazos Delaware II
Analysis based on 6 articles · First reported Jun 11, 2026 · Last updated Jun 13, 2026
The acquisition by Western Midstream Partners is expected to positively impact its stock price due to expanded operations and accretive per-unit metrics. The deal strengthens Western Midstream Partners' position in the United States — Delaware, a significant oil and gas producing region.
Western Midstream Partners, LP announced the closing of its acquisition of Brazos Delaware II, LLC for approximately $1.6 billion. The transaction involved $800 million in cash and $800 million in Western Midstream Partners common units, with approximately 19.4 million units issued. This acquisition expands Western Midstream Partners' gathering and processing footprint in the United States — Delaware, aligning with its strategy to sustain or grow distributions, improve per-unit metrics, protect its balance sheet and credit ratings, and diversify its customer base and ownership.
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