Energy Transfer to Acquire Permian Midstream Player WTG in $3.25 Billion Deal

May 28, 2024, 12:39 PM

Energy Transfer, a US pipeline giant, has agreed to acquire WTG Midstream in a transaction valued at approximately $3.25 billion. The deal includes the purchase of WTG Midstream Holdings’ assets, which encompass core infrastructure in the Midland Basin. The acquisition involves a combination of cash and stock and will see Energy Transfer buying the assets from Diamondback Energy, Stonepeak, and the Davis Estate. The acquisition also includes Permian Midstream Player WTG, as reported by Hart Energy.