After a series of acquisitions, Crestwood Equity Partners LP is now in “harvest mode,” with a focus on generating strong growth in the core areas of the Williston, Permian Delaware and Powder River basins, management said.

Crestwood earlier this month closed on the acquisition of Permian-focused Sendero Midstream Partners LP, boosting its natural gas processing capacity in the basin to 550 MMcf/d. It also acquired the remaining 50% stake held by private equity firm First Reserve in Crestwood Permian Basin Holdings LLC (CPJV).

“One of the most attractive elements of the Sendero assets was obviously where the system was positioned relative to ours, and what it enabled us to do from a capital efficiency standpoint,” CEO Robert Phillips said Tuesday (July 26) on the second...