Energy Transfer LP announced on Monday that it had acquired pipeline operator Lotus Midstream in a $1.45 billion cash-and-stock deal to boost its presence in the Permian Basin. The acquisition is expected to solidify Energy Transfer as one of the top midstream companies in the region and provide greater access to crucial markets for both producers and consumers. The acquisition includes Lotus Midstream's Centurion Pipeline assets, giving Energy Transfer access to more than 1,000 miles of pipelines and related infrastructure in West Texas.…
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