Deals
Energy Transfer Adds Vaquero Midstream for $2.625 Billion in Cash and Units
The Delaware Basin gathering and processing system comes with about 100,000 dedicated acres and a complex that can be expanded to 1.2 billion cubic feet a day.
By Anna Ferreira
Oct 6, 2026 · 2 min read
Energy Transfer agreed on Tuesday to acquire Vaquero Midstream, a privately held Delaware Basin gathering and processing business, for $2.625 billion. The consideration is $1.95 billion in cash plus roughly 33.3 million newly issued Energy Transfer common units. The partnership said the transaction is expected to be immediately accretive to distributable cash flow per common unit, and to close in the fourth quarter of 2026 subject to regulatory approval.
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Anna Ferreira
Senior Correspondent, Corporate Strategy
Anna Ferreira writes for Corporate Insider Inc.