Enterprise Products Partners L.P. to acquire Piñon Midstream, LLC in $950 million cash transaction
08/21/24, 11:04 AM
Location
houstonhoustonIndustry
oil and gas
renewable energy
energy
Enterprise Products Partners L.P., a leading midstream energy services provider, has announced the acquisition of Piñon Midstream, LLC for $950 million in cash. The acquisition includes Piñon Midstream's assets, such as natural gas gathering and redelivery pipelines, compressor stations, and treating facilities. This strategic move will accelerate Enterprise's entry into the eastern flank of the Delaware Basin and expand its natural gas processing footprint.
Company Info
Location
Houston, Texas, United States
Company info
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services. The company offers a wide range of services including natural gas gathering, treating, processing, transportation, storage, NGL transportation, fractionation, storage, crude oil gathering, transportation, storage, petrochemical and refined products transportation, storage, and marine terminals.