Enterprise Products (EPD) Announces Permian Asset Acquisitions
EPDEnterprise Products Partners L.P.(EPD) Zacks Investment Research·2024-02-24 01:51

Enterprise Products Partners L.P. (EPD) announced a series of strategic acquisitions from Western Midstream Partners (WES) , a subsidiary of Occidental Petroleum (OII) . The acquisitions, valued at $400 million, mark a shift in the landscape of the energy infrastructure in the United States, particularly in the Permian Basin. Key Acquisitions and Financial Details Enterprise Products acquired significant assets from Western Midstream, including a 20% interest in Whitethorn, which owns the Midland-to-Sealy s ...