Heurist Finance

Energy Transfer expands Permian natgas network with $2.63B Vaquero deal

Bloomberg · yesterday
ET
Energy Transfer expands Permian natgas network with $2.63B Vaquero deal
  • Energy Transfer LP agreed to buy Vaquero Midstream LLC for about $2.63 billion in cash and stock.
  • The deal expands Energy Transfer's network to ship natural gas in the Permian Basin.
  • Energy Transfer will pay about $2 billion in cash and roughly 33.3 million newly issued shares for Dallas-based Vaquero.

Quotes

“Energy Transfer LP agreed to buy Vaquero Midstream LLC for about $2.63 billion in cash and stock, expanding its network to ship natural gas in the Permian Basin.”— Bloomberg
“Energy Transfer will pay about $2 billion in cash and roughly 33.3 million newly issued shares for Dallas-based Vaquero”— Bloomberg

Sources