Vaquero currently owns the Caymus processing facility near the Waha Hub in the Delaware Basin. (Source: Shutterstock)
Vaquero Midstream has closed on an expanded $400 million credit facility led by BOK Financial, the G&P midstream company said April 15.
The increased credit facility will support multiple system expansions Vaquero, the portfolio company of Yorktown Partners, has planned for 2025 and 2026.
Vaquero currently owns the Caymus processing facility near the Waha Hub in the Delaware Basin. The system is capable of processing 400 MMcf/d. On the gathering side, Vaquero’s system spreads across Texas’ Reeves, Loving and Ward counties.
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