Western Midstream Completes Acquisition of Aris Water Solutions

Western Midstream has finalized its acquisition of Aris Water Solutions, strengthening its Delaware Basin operations and expanding its water management and midstream footprint across Texas and New Mexico.

(P&GJ) — Western Midstream Partners LP has completed its acquisition of Aris Water Solutions, Inc., expanding its position as one of the largest three-stream midstream and water management providers in the Delaware Basin.

“I am pleased to announce the completion of WES’s acquisition of Aris Water Solutions, solidifying our position as one of the largest three-stream midstream, flow-assurance providers in the Delaware Basin,” Oscar K. Brown, president and CEO of WES, said. “Together, WES and Aris create a stronger, more agile enterprise, well positioned to meet the challenges facing our producer customers in Texas and New Mexico with respect to produced-water gathering, recycling, transportation, disposal, and beneficial reuse.”

Under the merger agreement, Aris shareholders could elect to receive cash, Western Midstream common units, or a combination of both. Holders of roughly 14.4 million shares opted for units, while 33.8 million shares elected cash, which was subject to proration. Another 11 million shares received a mix of both.

In total, Aris securityholders will receive approximately 28% of the merger consideration in cash and 72% in common units. The total value of the transaction includes $415 million in cash and roughly 26.6 million common units.