WESTERN MIDSTREAM COMPLETES ACQUISITION OF ARIS WATER SOLUTIONS

Core Points - Western Midstream Partners, LP has completed the acquisition of Aris Water Solutions, Inc, enhancing its position as a leading midstream flow-assurance provider in the Delaware Basin [2][3] - The merger allows Western Midstream to better address the challenges faced by producer customers in Texas and New Mexico regarding produced-water management [2] Acquisition Details - Each share of Aris Class A common stock and corresponding units was converted into either 0.625 common units of WES, $25.00 in cash, or a combination of 0.450 common units and $7.00 in cash [2][3] - Approximately 28% of the total merger consideration will be in cash, totaling $415.0 million, while about 72% will be in common units, amounting to approximately 26.6 million units [3] Company Overview - Western Midstream operates midstream assets across Texas, New Mexico, Colorado, Utah, and Wyoming, focusing on natural gas and produced water management [4] - The company’s cash flows are largely protected from commodity price volatility through fee-based contracts, providing stability in operations [4]