Enbridge Acquires Salt Creek Midstream's Crude Assets for $600M
Deals·2 articles across 2 outlets·◆ Primary source
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Enbridge has announced its acquisition of Salt Creek Midstream's crude gathering business for $600 million. This move is aimed at extending Enbridge's export value chain in the Permian Basin.
The acquisition is part of Enbridge's strategy to enhance its operations and infrastructure in the region, which is a key area for crude oil production. The deal is expected to bolster Enbridge's capabilities in crude gathering and transportation.
EnbridgeSalt Creek Midstream
Sources
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SourceReports the news
“Enbridge to Extend Permian Export Value Chain with Acquisition of Salt Creek Midstream's Crude Gathering Business”
SEC Filing — Enbridge to Extend Permian Export Value Chain with Acquisition of Salt Creek Midstream's Crude Gathering Business“Enbridge to acquire Salt Creek Midstream’s crude assets for $600m”
Yahoo Finance — Enbridge to acquire Salt Creek Midstream’s crude assets for $600m