Western Midstream to buy Aris Water for $1.5 billion
The U.S. natural gas-focused pipeline operator has been seeking to create a leading water infrastructure platform in the top U.S. oilfield and diversify its customer base across West Texas and southeastern New Mexico.
Aris shareholders will receive 0.625 common units of Western Midstream for each Aris share, or $25 per share in cash. The maximum cash consideration for the transaction is $415 million.
The deal is expected to close in the fourth quarter of 2025.
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