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Sidley says it advised Energy Transfer on its $2.625 billion Vaquero acquisition
Sidley said it advised Energy Transfer on an agreement to acquire Vaquero Midstream for approximately $2.625 billion. The firm said consideration comprises $1.95 billion in cash and approximately 33.3 million newly issued common units, with closing expected in the fourth quarter subject to approvals and customary conditions.
Key points
- Sidley said Vaquero operates approximately 300 miles of gathering and transportation pipelines in four Texas counties.Sidley
- The firm said the Caymus complex has processing capacity of approximately 675 million cubic feet per day.Sidley
- Sidley said contracts cover approximately 100,000 dedicated acres with roughly 10 years remaining on average.Sidley
- The firm said George Vlahakos and Atman Shukla led its team with Courtney Luster and Karla Utset.Sidley