Houston-based Western Midstream Partners said last week it agreed to acquire all outstanding equity interests of Brazos Delaware in a transaction valued at about $1.6 billion ($800 million cash). Fort Worth-based Brazos Midstream is one of the largest privately held gathering and processing platforms in Delaware Basin with gas and oil assets in Culberson, Loving Pecos, Reeves, Ward and Winkler counties. The assets include 900 miles of pipeline, 460 million cfd of natural gas processing capacity at the Comanche complex, and about 470,000 dedicated acres under long-term contracts. Brazos produced 336 million cfd of natural gas and 25,000 barrels of crude oil in 2025.
Oscar K. Brown, president and CEO of Western, called the acquisition “a highly complementary and strategically compelling bolt-on addition to our existing Delaware Basin platform.” Western has assets in Texas, New Mexico, Colorado, Utah and Wyoming.