India, Oct. 6 -- Energy Transfer LP (ET), an owner and operator of energy assets, and Vaquero Midstream LLC have announced that they have inked a deal through which Energy Transfer will acquire Vaquero for around $2.625 billion.
The transaction consideration will consist of $1.95 billion in cash and approximately 33.3 million newly issued ET units. The acquisition is expected to close in the fourth quarter of 2026.
"The addition of Vaquero's assets is expected to further strengthen Energy Transfer's Permian footprint by increasing access to growing natural gas and NGL production volumes while enhancing connectivity to the partnership's broader midstream platform," the company said.
Energy Transfer expects the Vaquero assets to be immedia...