Mid-Stream Consolidation with Energy Transfer buying Crestwood Equity Partners in $7.1B All Stock Deal

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”

Energy Transfer Expands Permian Network with $1.45 Billion Centurion Pipeline Deal

Dallas based Energy Transfer (ET) said Monday it agreed to acquire the owner and operator of the Centurion Pipeline system in the Permian Basin from an affiliate of EnCap Flatrock Midstream. The deal is for cash and stock valued at $1.45B ($900M cash and ~44.5M newly issued Energy Transfer (ET) common units.) Energy Transfer (ET) said the Centurion assets, “located across some of the most active areas of the Permian Basin, provide significant gathering volumes from key producers while also … Continue reading “Energy Transfer Expands Permian Network with $1.45 Billion Centurion Pipeline Deal”