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Enbridge to Extend Permian Export Value Chain with Acquisition of Salt Creek Midstream's Crude Gathering Business
Source: PR Newswire
M&A & RestructuringCompany FundamentalsEnergy Markets & Prices
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.
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