Enable Midstream to Acquire Align Midstream
Enable Midstream Partners, LP has entered into a definitive agreement to acquire Align Midstream, LLC for approximately $300 million, subject to certain customary adjustments.
“This transaction is a very important milestone for our team,” said Fritz Brinkman, Chief Executive Officer of Align Midstream. “Over the past three years, we have created significant value for our stakeholders through acquiring and connecting underutilized gathering and processing assets to create an extensive system. This platform now serves some of the best producers in the basin.”
The transaction is subject to regulatory approval and closing conditions. It is expected to close as soon as possible after such regulatory approvals and closing conditions have been satisfied.
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions
Comments