BREAKING 9/5: $885 Million Deal – Western Midstream Announces Expansion of Powder River Basin Footprint With the Acquisition of Meritage Midstream
Transforms and significantly expands WES’s existing Powder River Basin asset base with the addition of natural gas gathering and processing facilities, increasing total natural gas processing capacity to 440 MMcf/d. Diversifies customer base through long-term contracts, acreage dedications, and minimum-volume commitments with investment grade counterparties. Purchase price represents 5.0x – 6.0x 2024E pre-synergy Adjusted EBITDA(1); […]