Western Midstream Expands Delaware Basin Water System with Occidental
Deal News | Mar 24, 2025 | Troutman Pepper Locke, LLP
Western Midstream Partners, a master limited partnership focused on developing, acquiring, and operating midstream assets, has entered into a significant long-term agreement with Occidental Petroleum Corporation. This agreement centers around the expansion of Western Midstream's existing produced-water gathering and disposal system within the Delaware Basin. Such expansion is intended to support continuous customer development over the next several years, backed by minimum-volume commitments for gathering, transportation, and disposal. Troutman Pepper Locke, LLP, a prominent law firm with substantial expertise in energy practices, represented Western Midstream in this transaction. Troutman has a strong foothold in advising various sectors including electric utilities, upstream and midstream gas companies, and private equity funds. The firm boasts over 1,600 attorneys across more than 30 offices, evidencing its broad capacity to address complex legal challenges globally.
Sectors
- Energy
- Legal Services
Geography
- United States – The main activities discussed in the article, including the Delaware Basin's water system expansion, take place in the U.S., involving U.S.-based companies.
Industry
- Energy – The article discusses a transaction between Western Midstream and Occidental Petroleum, both key players in the energy sector, focusing on oil and gas operations and midstream infrastructure.
- Legal Services – Troutman Pepper Locke's role in advising on this agreement situates the article within the legal services industry, particularly related to energy transactions.
Financials
- Not specified – The article does not provide specific financial figures related to the agreement or expansion investment.
Participants
Name | Role | Type | Description |
---|---|---|---|
Western Midstream Partners, LP | Target Company | Company | A master limited partnership involved in developing, acquiring, and operating midstream assets. |
Occidental Petroleum Corporation | Bidding Company | Company | An international energy company and one of the largest oil and gas producers in the U.S., partnering with Western Midstream. |
Troutman Pepper Locke, LLP | Legal Advisor | Company | A firm with over 1,600 attorneys in 30+ offices, advising clients in energy and various other sectors. |