Name: Energy Transfer signs $3.25bn deal to acquire WTG Midstream
Uploaded: 2024-05-30T04:31:13-04:00
Duration: 5 min
Description: Energy Transfer has agreed to acquire WTG Midstream in a deal worth approximately $3.25bn from affiliates of Stonepeak, the Davis Estate and Diamondback Energy. The deal consideration includes a cash payment of $2.45bn and the issuance of around 50.8 million Energy Transfer new common units to the sellers. Diamondback Energy, which currently owns a 25% […]

Tag: WTG

Energy Transfer signs $3.25bn deal to acquire WTG Midstream

Energy Transfer has agreed to acquire WTG Midstream in a deal worth approximately $3.25bn from affiliates of Stonepeak, the Davis Estate and Diamondback Energy. The deal consideration includes a cash payment of $2.45bn and the issuance of around 50.8 million Energy Transfer new common units to the sellers. Diamondback Energy, which currently owns a 25% […]

Energy Transfer to Buy Permian Operator WTG for $3.3 Billion

(Bloomberg) — Energy Transfer LP agreed to buy WTG Midstream in a $3.25 billion deal that will expand the US pipeline giant’s already sprawling network in the Permian Basin. Most Read from Bloomberg Energy Transfer will pay $2.45 billion in cash and about 50.8 million newly issued Energy Transfer common units to acquire the Midland, […]