Enbridge Acquires Salt Creek Midstream's Permian Gathering Assets for $600 Million
Source Summary
Enbridge has agreed to purchase Salt Creek Midstream's crude oil gathering business for $600 million in cash. The acquisition expands Enbridge's capacity to export oil from the Permian Basin.
Why it matters
The deal strengthens Enbridge's midstream infrastructure position in the Permian Basin, a major U.S. oil production region.
