Description

Energy Transfer’s $2.625 Billion Takeover Could Reshape Its Delaware Basin Strategy!

Energy Transfer has moved to deepen its Permian Basin exposure through an agreement to acquire Vaquero Midstream in a $2.625 billion cash-and-stock transaction announced on October 6, 2026. The consideration includes approximately $1.95 billion in cash and roughly 33.3 million newly issued Energy Transfer common units. Vaquero brings a 300-mile gathering network in the Delaware Basin and the Caymus processing complex, which currently provides 675 million cubic feet per day of capacity across three processing trains. The system also has room for two additional trains that could lift total processing capacity to approximately 1.2 billion cubic feet per day. The deal comes as Energy Transfer is reporting record Permian gathering volumes, high utilization across its NGL infrastructure and expanding demand for natural gas from power generation, industrial users and data centers.