Enterprise Products Acquires Piñon Midstream
10/29/2024
(UI) - Enterprise Products’s previously announced acquisition of Piñon Midstream, LLC has concluded, according to Business Wire. The acquisition was a $950 million cash consideration, as part of a debt-free transaction.
The acquired assets include natural gas gathering and treating services, focused in the Delaware Basin in Texas and New Mexico. This is added to existing assets in Enterprise Products’s portfolio, including varied gathering, processing and storage services for both natural gas and crude oil, as well as 50,000 mi of pipelines and 300 MMbbl of liquids storage and 14 Bcf natural gas storage.
Related News
Related News
Sign up to Receive Our Newsletter
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- Four Petroleum Liquids Pipelines Completed in U.S. Since 2023
- Lighter U.S. Permian Crude Risks Losing Favor with Refiners Due to Processing Challenges
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments