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Delaware Basin.
geologic depositional and structural basin in West Texas and southern New Mexico, famous for holding large oil fields
On the front tonightRecord Oil Deal’s Benefits Go Beyond Big Business
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Energy Transfer to Acquire Vaquero Midstream for $2.6 Billion
Energy Transfer agreed to acquire Vaquero Midstream for about $2.625 billion in cash and stock, adding Delaware Basin pipelines and gas processing capacity.
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About Delaware Basin
The Delaware Basin is a geologic depositional and structural basin in West Texas and southern New Mexico, famous for holding large oil fields and for a fossilized reef exposed at the surface. Guadalupe Mountains National Park and Carlsbad Caverns National Park protect part of the basin. It is part of the larger Permian Basin, itself contained within the Mid-Continent oil province.
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