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Market
Will Energy Transfer complete the WTG Midstream acquisition by end of 2020?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from Energy Transfer
Story
Energy Transfer to Acquire WTG Midstream for $3.25 Billion, Expanding Permian Basin Presence
May 28, 2024, 01:22 PM
US pipeline giant Energy Transfer has agreed to acquire WTG Midstream in a transaction valued at $3.25 billion. The deal includes $2.45 billion in cash and 50.8 million common units. This acquisition will expand Energy Transfer's presence in the Permian Basin, enhancing its natural gas transportation infrastructure. The assets being acquired include core infrastructure in the Midland Basin, previously owned by Diamondback Energy, Stonepeak, and the Davis Estate.
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