Professional M&A intelligence for the energy transition
Crestwood Equity Partners LP (NYSE: CEQP) acquired Oasis Midstream Partners LP (NASD: OMP) in an equity and cash transaction valued at about $1.8 billion including the assumption of debt.
Energy Transfer acquired WTG Midstream Holdings from Diamondback Energy for $3.25B. Diamondback divested WTG as part of its strategy to fund the Endeavor merger. WTG operates natural gas gathering, processing, and transportation assets in the Permian Basin.
ONEOK acquired Global Infrastructure Partners' entire interest in EnLink Midstream (NYSE: ENLC). The deal consists of 43% of EnLink's outstanding common units for $14.90 per unit and 100% of the interests in the managing member for $300 million, for about $3.3 billion.
Kinetik Holdings completed its $765 million acquisition of Durango Permian from Morgan Stanley Energy Partners in June 2024. The deal added natural gas gathering, processing, and CO2 sequestration assets in the New Mexico Delaware Basin.
Enterprise Products Partners LP (NYSE: EPD) acquired Piñon Midstream, formerly a portfolio company of Black Bay Energy Capital, for $950 million in cash. The acquired assets, which include natural gas gathering and treating services, expand Enterprise's footprint in the eastern flank of the prolific Delaware Basin of Texas and New Mexico.
Enterprise Products Partners completed its $3.25 billion cash acquisition of Warburg Pincus-backed Navitas Midstream Partners in February 2022. The deal added 1,750 miles of pipelines and processing capacity in the Midland Basin of the Permian.
Targa Resources (NYSE: TRGP) closed the acquisition of Stakeholder Midstream for $1.25 billion in cash. The acquisition will allow Targa Resources to expand its natural gas gathering, treating and processing footprint in the Permian Basin. The assets include about 480 miles of natural gas pipelines and roughly 180 MMcf/d of cryogenic processing and sour-gas treating capacity, […]