July 2015, Vol. 242, No. 7

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Enterprise Announces Acquisition of Eagle Ford Midstream Assets

HOUSTON – Enterprise Products Partners announced today it executed definitive agreements to purchase all member interests in Eagle Ford Shale gas-gathering company EFS Midstream from affiliates of Pioneer Natural Resources Company and Reliance Industries Limited for $2.15 billion. The EFS Midstream system includes 460 miles of natural gas gathering pipelines, 10 central gathering plants, 780 MMcf/d of natural gas treating capacity and 119,000 bpd of condensate stabilization capacity. Under the terms of the agreements, the Pioneer and Reliance joint development will dedicate its Eagle Ford Shale acreage to Enterprise under a 20-year, fixed-fee gathering agreement that includes a minimu

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