
Natural gas pipeline under construction. (Source: Shutterstock)
Western Midstream announced the closing of its acquisition of Meritage Midstream Services II LLC on Oct. 13.
The purchase, announced in early September for $885 million, was paid for with cash on hand and a $600 million issuance of senior grade notes, according to a statement from Western.
With the acquisition, Western takes over privately held Meritage’s natural gas gathering and processing business in the Powder River Basin of Wyoming, with approximately 1,500 miles of high- and low- pressure natural gas pipelines. The lines are supported by more than 1.4 million dedicated acres controlled by a diverse set of investors.
Western believes expanding its footprint in the Power River Basin is a strong move, considering the steady development of the area by E&P companies, President and CEO Michael Ure said when the acquisition was announced.
Recommended Reading
USA BioEnergy Secures Texas Land for $2.8B Biorefinery
2025-01-13 - USA BioEnergy subsidiary Texas Renewable Fuels plans to annually convert 1 million tons of forest thinnings into 65 million gallons of net-zero transportation fuel, including SAF and renewable naphtha.
Plug Power CEO Sees Hydrogen as Part of US Energy Dominance
2025-01-29 - Plug Power CEO Andy Marsh says the U.S., with renewable energy resources, should be the world’s leading exporter of hydrogen as it competes globally, including with China.
PE Firm Hy24 Commits $50MM to StormFisher Hydrogen
2025-02-11 - The funding, made via Hy24’s Clean Hydrogen Infrastructure Fund, will go toward StormFisher Hydrogen’s efforts to produce clean fuel in North America.
Biofuels Sector Unsatisfied with Clean Fuels Credit Guidance
2025-01-10 - The Treasury Department released guidance clarifying eligibility for the 45Z credit and which fuels are eligible, but holes remain.
Energy Transition in Motion (Week of Jan. 31, 2025)
2025-01-31 - Here is a look at some of this week’s renewable energy news, including two more solar farms in Texas.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.