Two Lower 48 midstream heavyweights are set to join forces in a $7.1 billion, all-equity merger between Energy Transfer LP and Crestwood Equity Partners LP. The transaction, expected to close in the fourth quarter, would see Energy Transfer acquire Crestwood’s multi-basin natural gas, natural gas liquids (NGL) and crude oil infrastructure portfolio, and assume $3.3…
Crestwood Equity Partners LP
Articles from Crestwood Equity Partners LP
Business Booming for Natural Gas G&P in Oily Onshore Basins, Says Crestwood CEO
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…
May 3, 2023
Crestwood Pulling Out of Marcellus with Sale to Antero
Antero Midstream Corp. plans to acquire the Marcellus Shale natural gas gathering and compression assets owned by Crestwood Equity Partners LP (CEQP), the companies reported Monday. The $250 million bolt-on acquisition, which requires regulatory approval, would boost Appalachian Basin pure-play Antero’s gas compression capacity by 20% and gas compression mileage by 15%, said management. CEQP…
September 14, 2022
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