Energy Transfer LP To Acquire Crestwood Equity Partners In $7B Deal ...Middle East

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Energy Transfer LP To Acquire Crestwood Equity Partners In $7B Deal
source : OILPRICE ( Middle East ) () 25
Natural gas pipeline operator Energy Transfer LP (NYSE:ET) has announced it will acquire midstream energy company Crestwood Equity Partners LP (NYSE:CEQP) in an all-stock deal valued at ~$7.1B, including the assumption of $3.3B of debt. The merger will help expand Energy Tranfer’s natural gas and crude oil transportation network, give it exposure to the Powder River basin and extend its presence in the Williston and Delaware basins. Crestwood's assets spread across the three basins, and include about 2 billion cubic feet per day of gas-gathering…

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