Vaquero Midstream Secures $400 Million for Delaware Basin Expansion Projects
(P&GJ) — Vaquero Midstream has secured a $400 million credit facility to fund system expansion projects in the Delaware Basin, the company announced. The expanded credit line was led by BOK Financial.
The funding will support growth initiatives planned for 2025 and 2026, with a focus on enhancing the company’s gas gathering and processing infrastructure across Reeves, Loving, and Ward counties in Texas.
“This increased credit facility will support multiple system expansion projects that are planned for 2025 and 2026. The enhancements to Vaquero’s gathering and processing assets will be designed to continue to deliver reliability and optionality for existing and future customers,” said Harrison Holmes, Chief Executive Officer of Vaquero Midstream. “These projects would not be possible without the continued support from our growing customer base. Operational reliability and customer service are the backbone of our business, which will continue to be our priority moving forward.”
Vaquero operates the Caymus processing facility near the Waha Hub, with a capacity of 400 million cubic feet per day (MMcf/d). Its existing gathering system spans key parts of the Permian Basin, connecting producers to processing and takeaway options.
“BOK Financial is proud to have once again teamed with Vaquero Midstream on this credit facility,” said Alex Trlica, Senior Vice President and Manager for BOK Financial. “Vaquero's management team has demonstrated prudent management and strategic planning to expand its current system. We look forward to our continued partnership with Vaquero.”
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