Western Midstream expands Powder River Basin footprint with $885 million deal

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Denver-headquartered Meritage owns and operates a large-scale natural gas gathering and processing business in the Powder River Basin.

According to Western Midstream CEO Michael Ure, Meritage’s assets would add significant producer inventory and further diversify Western Midstream’s growing gas gathering and processing customer portfolio.

The deal is expected to close during the fourth quarter of 2023.