Enbridge to buy Salt Creek Midstream crude gathering assets for US$600 million - ENB News | RalliesEnbridge to buy Salt Creek Midstream crude gathering assets for US$600 million
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ENB• Enbridge to acquire Salt Creek Midstream crude gathering business
- Enbridge agreed to buy Salt Creek Midstream’s crude oil gathering business for cash consideration of US$600 million.
- Assets include 100% of the Orla and Wink North systems, plus a 50% interest in the Delaware Crossing system.
- The deal adds about 500 miles of crude gathering lines in the Delaware Basin, backed by 320,000 net dedicated acres under long-term contracts.
- Combined capacity totals 420,000 bpd of throughput, plus 350,000 barrels of storage, with connections to major Permian takeaway pipelines.
- Closing is expected later in 2026; Enbridge expects immediate accretion to distributable cash flow per share, with 2026 guidance unchanged.
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