Enbridge to buy Salt Creek Midstream crude gathering assets for US$600 million

Reuters2026/08/26 11:03

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Enbridge agreed to buy Salt Creek Midstream’s crude oil gathering business for cash consideration of USD 600 million.
Assets include 100% of the Orla and Wink North systems, plus a 50% interest in the Delaware Crossing system.
Deal adds about 500 miles of crude gathering lines in the Delaware Basin, backed by 320,000 net dedicated acres under long-term contracts.
Combined capacity totals 420,000 bpd of throughput, plus 350,000 barrels of storage, with connections to major Permian takeaway pipelines.
Closing is expected later in 2026; Enbridge expects immediate accretion to distributable cash flow per share, with 2026 guidance unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enbridge Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202608260700CANADANWCANADAPR_C4295) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Enbridge to buy Salt Creek Midstream crude gathering assets for US$600 million

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