Western Midstream Announces Expansion of Powder River Basin Footprint With the Acquisition of Meritage Midstream
Vinson & Elkins represented Meritage Midstream Services II, LLC (“Meritage”) in connection with its entry into an agreement to be acquired by an operating subsidiary of Western Midstream Partners, LP, in an all-cash transaction for a purchase price of $885 million, subject to customary adjustments.
Meritage, a privately held midstream company headquartered in Denver, Colorado, owns and operates a large-scale natural gas gathering and processing business in the Powder River Basin of Wyoming. Completion of the transaction is expected in the fourth quarter of 2023, subject to customary closing conditions and regulatory approvals.
The Vinson & Elkins team was led by Jim Fox, Dan Komarek, Shay Kuperman, Caroline Kuehn, Matt Hortenstine and Alice Zhang, with assistance from David Peck, Sean Becker and Shane Tucker.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
For more information, please speak with our media contacts.
Related Insights
- EventRobert B. Rowling HallNovember 14, 2024 - November 15, 2024