Western Midstream’s (WES) Q1 earnings call held on May 7, centered on the Delaware Basin, where management said gas throughput rose 3% to just over 2 Bcf/d, crude oil and NGL throughput hit a record 272 Mb/d, and produced water throughput reached 2.8 MMb/d. A highlight of the call was WES’s $1.6 billion acquisition of Brazos Delaware II (Brazos Midstream's Delaware assets), which CEO Oscar Brown called a “strategic bolt-on” that expands WES’s West Texas footprint with about 910 miles of gathering pipeline, and 460 MMcf/d of processing capacity via the three-train Comanche processing plant. (WES's assets in blue and Brazos Midstream's Delaware assets in yellow in the figure below). The acquisition brings roughly 125 MMcf/d of unused processing capacity at the Comanche complex, which Brown said WES can use “in reasonably short order”.
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