It’s a good time to be in the natural gas gathering and processing (G&P) business, particularly in oil-weighted basins such as the Permian, Powder River and Williston, according to Crestwood Equity Partners LP CEO Robert Phillips.

Phillips hosted a conference call on Tuesday to discuss first quarter results.

Through a series of mergers and acquisitions (M&A), “we have repositioned the Crestwood portfolio…specifically to bulk up our G&P assets in the areas that we operate, and extend our long-term producer dedicated inventory in those core oil-weighted resource plays which are the Williston, [Permian] Delaware and Powder River basins,” Phillips told analysts.

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