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Acquisitions and Divestitures
9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Acquisitions and Divestitures
3. ACQUISITIONS AND DIVESTITURES

Ranch Westex. In September 2022, the Partnership acquired the remaining 50% interest in Ranch Westex JV LLC (“Ranch Westex”) from a third party for $40.1 million. Subsequent to the acquisition, (i) the Partnership is the sole owner and operator of the asset, (ii) Ranch Westex is no longer accounted for under the equity method of accounting, and (iii) the Ranch Westex processing plant is included as part of the operations of the West Texas complex.

See also Note 12 for information related to the acquisition of Meritage Midstream Services II, LLC (“Meritage”) that closed on October 13, 2023.