Enbridge to Extend Permian Export Value Chain with Acquisition of Salt Creek Midstream's Crude Gathering Business
Enbridge agreed to acquire Salt Creek Midstream's crude gathering business for US$600 million in cash, adding the Orla, Wink North, and a 50% interest in the Delaware Crossing systems. The assets include 500 miles of infrastructure in the Delaware Basin with 420,000 barrels per day of throughput capacity and long-term contracts averaging 10 years.
Key figures
- Deal Value Usd
- US$600 million
- Contract life years
- 10
- Net dedicated acres
- 320000
- Infrastructure miles
- 500
- Storage capacity bpd
- 350000
- Throughput capacity bpd
- 420000
AI analysis
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