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Enbridge Just Bought 500 Miles of Pipeline in the Busiest Oil Field in America - Channelchek
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Enbridge Just Bought 500 Miles of Pipeline in the Busiest Oil Field in America - Channelchek
Enbridge announced Wednesday it has agreed to acquire Salt Creek Midstream’s crude oil gathering business for $600 million in cash, extending its footprint deeper into the Permian Basin’s Delaware sub-basin, one of the most productive and competitive crude-producing regions in North America. The deal gives Enbridge full ownership of the Orla and Wink North gathering systems, along with a 50% interest in the Delaware Crossing system, a joint vent…
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