Crestwood Equity Partners LP announced a trio of transactions to more than double its natural gas processing capacity in the Permian Basin’s Delaware formation, and to divest its position in the Barnett Shale.

The largest of the three deals would see Crestwood acquire Sendero Midstream Partners LP for $600 million. Located entirely in Eddy County, NM, the Sendero assets comprise 350 MMcf/d of processing capacity, about 140 miles of gas gathering lines, and more than 53,000 hp of field gathering compression.

“As the commodity price outlook remains favorable for an acceleration of activity across the basin, this expanded footprint positions Crestwood to aggressively pursue third-party volumes to further optimize utilization of existing infrastructure,” management said.

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