This Energy Giant Just Bought 500 Miles of Pipeline in America's Busiest Oil Field. Here's Why.
Enbridge acquired Salt Creek Midstream's crude oil gathering business for $600 million, gaining 500 miles of pipeline infrastructure in the Delaware Basin. The deal includes the Orla and Wink North systems plus a 50% stake in Delaware Crossing, with combined capacity of 420,000 barrels per day. The acquisition is expected to be immediately accretive to earnings and cash flow upon closing in late 2026, strengthening Enbridge's strategic position and supporting its dividend growth.
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