Thursday, January 27 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Jan 24
Week of Jan 17
Week of Jan 10
Week of Jan 03
Week of Dec 27
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Energy Transfer to acquire Enable Midstream in $7 bn equity deal.


    February 23, 2021 - Chemical Business Newsbase (Press Release Abstracts)

     

      Energy Transfer LP has agreed to acquire Enable Midstream Partners LP in an all-equity transaction valued at $7.2 bn. The deal strengthens Energy Transfer's NGL infrastructure by adding natural gas gathering and processing assets in the Anadarko Basin in Oklahoma and integrates assets with Energy Transfer's existing NGL transportation and fractionation assets on the US Gulf Coast, the company said. The acquisition also provides gas gathering and processing assets in the Arkoma basin across Oklahoma and Arkansas, as well as the Haynesville Shale in East Texas and North Louisiana. Energy Transfer expects the combined company to generate more than $100 M of annual run-rate cost and efficiency synergies, excluding potential financial and commercial synergies. Enable's assets include 14,000 mi of natural gas, crude oil, condensate and produced water gathering pipelines, 2.6 bcfd of natural gas processing capacity, 7800 miles of interstate pipelines (including Southeast Supply Header LLC of which Enable owns 50%), 2200 mi of intrastate pipelines, and seven natural gas storage facilities comprising 84.5 bcf of storage capacity. Under the terms of the agreement, Enable common unitholders will receive 0.8595 ET common units for each Enable common unit. In addition, each outstanding Enable Series A preferred unit will be exchanged for 0.0265 Series G preferred units of Energy Transfer. The transaction will include a $10 M cash payment for Enable's general partner. Original source: PennWell Corporation, website: http://www.ogj.com/index.html.

    TOP

    Other Articles - Mergers, Acquisitions & Divestitures


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.