Western Gas Partners LP (WES) Tops Q3 EPS by 1c
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Western Gas Partners LP (WES) to Acquire Nuevo Midstream in $1.5B Deal
October 28, 2014 5:03 PM EDTWestern Gas Partners LP (NYSE: WES) has agreed to acquire Nuevo Midstream, LLC ("Nuevo"), a leading Delaware Basin gas gatherer and processor, for $1.5 billion. The Partnership expects the acquisition will close in the fourth quarter of 2014, subject to regulatory approval and customary closing conditions.
"We are excited to acquire the Nuevo assets, which are extremely valuable to us given their strategic location in the Delaware Basin and Anadarko's significant acreage position and development plans in the area. The Nuevo management team has done an excellent job in utilizing their first-mover advantage to... More
