Pipeline operator Energy Transfer (ET) said Wednesday it had agreed to acquire Crestwood Equity Partners (CEQP) in an all-stock deal valued at around $7.1Billion. The deal includes the assumption of $3.3B of debt. The deal consolidated mid-stream further with ET expanding its natural gas and crude oil transportation network. Clearly the company sees this as an opportune time to buy cheap assets with natural gas prices lower. The company reported second quarter earnings and with natural gas prices down 70% … Continue reading “Mid-Stream Consolidation with Energy Transfer buying Crestwood Equity Partners in $7.1B All Stock Deal”