Enbridge to acquire Salt Creek Permian crude gathering network for $600 million
ENB Enbridge Inc
$50.37 +1.27%
View chart & analysis → - 1Enbridge (ENB) is acquiring Salt Creek Midstream's crude oil gathering business for $600 million in cash
- 2The deal adds the full Orla–Wink Knot system and a 50% stake in Delaware Crossing, totaling about 500 miles of pipeline and 420,000 barrels per day of throughput capacity
- 3Combined with the Gray Oak connection, the acquisition strengthens the integrated route from the wellhead to the Ingleside export terminal and is expected to close within the year
This 3-line summary is compiled from the report below.
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