October 6, 2026
Willkie is advising Vaquero Midstream LLC on its sale to Energy Transfer LP (TXSE: ET) in a transaction valued at approximately $2.625 billion.
On October 6, Energy Transfer and Vaquero announced that the parties have entered into a definitive agreement pursuant to which Energy Transfer will acquire Vaquero. The transaction consideration will consist of $1.95 billion in cash and approximately 33.3 million newly issued Energy Transfer common units. The acquisition is expected to close in the fourth quarter 2026, subject to regulatory approvals and customary closing conditions.
Vaquero Midstream, formed with capital support from Yorktown Partners and Keeneland Capital, is an independent, producer-focused natural gas gathering and processing company with a system that traverses the core of the Southern Delaware Basin of Texas.
The Willkie team is led by corporate partners Jesse Betts, Jessica Hammons, and Nathan Meredith.
On October 6, Energy Transfer and Vaquero announced that the parties have entered into a definitive agreement pursuant to which Energy Transfer will acquire Vaquero. The transaction consideration will consist of $1.95 billion in cash and approximately 33.3 million newly issued Energy Transfer common units. The acquisition is expected to close in the fourth quarter 2026, subject to regulatory approvals and customary closing conditions.
Vaquero Midstream, formed with capital support from Yorktown Partners and Keeneland Capital, is an independent, producer-focused natural gas gathering and processing company with a system that traverses the core of the Southern Delaware Basin of Texas.
The Willkie team is led by corporate partners Jesse Betts, Jessica Hammons, and Nathan Meredith.
