NYSE:WESOil and Gas
Western Midstream’s Brazos Deal Tests Growth, Discipline And Delaware Ambitions
Western Midstream Partners (NYSE:WES) has closed its $1.6 billion acquisition of Brazos Delaware II.
The deal significantly increases the partnership's presence in the Delaware Basin.
The transaction also broadens Western Midstream Partners' customer base and ownership mix.
For investors watching Western Midstream Partners at a current share price of $44.57, this deal is a meaningful development for the NYSE:WES story. The stock has returned 12.2% year to date and 25.6% over the past year,...