In this NYSE Live interview, Oscar Brown, President and CEO of Western Midstream, discusses the company's acquisition strategy, infrastructure investments, and outlook as it continues to expand its role across key U.S. energy markets.

Brown begins by reviewing recent operational progress and explains how strategic acquisitions have contributed to the company's growth outlook. He discusses the importance of increasing throughput volumes, expanding infrastructure capabilities, and positioning the business to support growing energy demand.

A significant portion of the discussion focuses on the acquisition of Brazos Midstream. Brown explains how the transaction strengthens Western Midstream's footprint in the Delaware Basin and complements the company's existing natural gas gathering and processing operations. He outlines how the acquisition supports the company's broader growth objectives and enhances operational efficiency.

The interview also explores Western Midstream's investments in water infrastructure. Brown discusses the company's expanded capabilities following its acquisition of water-related assets and explains why produced-water management has become an increasingly important component of modern energy development. He describes water as a critical growth area alongside traditional oil and natural gas services.

Another major theme is innovation. Brown highlights the company's efforts to develop technologies that enable beneficial reuse of produced water. He discusses pilot projects designed to treat water for potential industrial uses and examines how advancements in treatment technologies could create new opportunities for resource management in energy-producing regions.

The conversation further examines Western Midstream's integrated infrastructure network spanning natural gas, crude oil, and water services. Brown explains how the company's diversified approach helps support customers while creating multiple pathways for future growth.

Investors are also provided with insight into the company's long-term financial strategy. Brown discusses distribution-focused returns, cash generation, capital discipline, and the company's goal of delivering sustainable growth over time while maintaining a strong balance sheet.

Throughout the discussion, Brown shares perspectives on natural gas infrastructure, energy markets, acquisitions, water management, capital allocation, midstream services, operational growth, and the future of energy infrastructure development in the United States.

Disclaimer: Informational content only. NYSE does not endorse or recommend investments, strategies, companies, products, or services discussed.