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Western Midstream announced the closing of its acquisition of Meritage Midstream Services II LLC on Oct. 13.
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.
2023-12-20 - High demand has prompted Kinder Morgan and Williams to ask FERC for increased natural gas shipments to the western U.S.
2023-12-13 - Howard Energy Partners said they’ve achieved record volumes this year with the company’s current natural gas average throughput of over 2.5 Bcf/d and current average terminalling throughput of over 160,000 bbl/d.
2024-02-26 - Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.
2024-01-11 - U.S. midstream and energy infrastructure has a mixed outlook for 2024, with a possible loss in demand and stronger focus on renewables offset by solid oil prices and a healthy midstream industry with pockets of growth.
2024-01-04 - Analyst: More deals like Williams’ $1.95 billion acquisition of natural gas storage in Louisiana and Mississippi could be on the horizon as limited capacity becomes a challenge.