Vaquero Midstream, a natural gas gathering and processing midstream company operating in the Delaware Basin, announced it closed on an expanded $400 million credit facility that was led by BOK Financial.
Vaquero Midstream’s current Delaware Basin system has a Caymus processing facility located near the Waha Hub with 400 MMcf/d of processing capacity. Vaquero’s existing gathering system is spread across Reeves, Loving and Ward counties of Texas.
KEY QUOTES:
“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. 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.”
– Harrison Holmes, Chief Executive Officer of Vaquero Midstream
“BOK Financial is proud to have once again teamed with Vaquero Midstream on this credit facility. 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.”
– Alex Trlica, Senior Vice President and Manager for BOK Financial
