Enbridge announced it will acquire Salt Creek Midstream's crude oil gathering business, including full ownership of the Orla and Wink North systems and half of the Delaware Crossing system, for $600 million. This acquisition adds about 500 miles of infrastructure in the Delaware Basin, a key oil-producing region, serving over 20 producers with long-term contracts averaging 10 years. The combined systems have a throughput capacity of 420,000 barrels per day and connect to major export pipelines, enhancing Enbridge's ability to transport crude oil from wellhead to export. The deal is expected to boost Enbridge's cash flow and earnings per share, with closing anticipated later in 2026 pending regulatory approval.
Samuel Smith compares Enbridge and Kinder Morgan, highlighting strong macro trends like AI data center growth, reshoring of US industry, and rising LNG exports boosting demand for natural gas infrastructure. He analyzes their strengths, weaknesses, g...
Enbridge has agreed with KKR and Apollo to form a joint venture investing C$2.7 billion to fund the Aspen Point and Sunrise Expansion Programs of its Westcoast natural gas pipeline. These expansions, approved and backed by long-term contracts, will i...
ExxonMobil is considered better positioned than Enbridge due to heightened oil price volatility caused by geopolitical tensions, especially disruptions in the Strait of Hormuz. The combination of these disruptions and ongoing structural supply-demand...
