Enbridge to Extend Permian Export Value Chain with Acquisition of Salt Creek Midstream's Crude Gathering Business

Enbridge announced a definitive agreement—via a wholly-owned subsidiary—to acquire Salt Creek Midstream’s crude oil gathering business, targeting 100% of the Orla and Wink assets. The deal expands Enbridge’s downstream midstream footprint in crude oil gathering. Overall, this is a growth-oriented acquisition announcement with likely modest positive implications for Enbridge’s operational scale.