Crestwood announces strategic delaware basin acquisitions and divestiture of its non-core barnett shale assets

Houston--(business wire)--crestwood equity partners lp (nyse: ceqp) (“crestwood”) today announced it has entered into a series of agreements under which the company will i) acquire sendero midstream partners, lp (“sendero midstream”) for $600 million in cash, ii) acquire first reserve's 50% equity interest in crestwood permian basin holdings llc (“cpjv”) for $320 million in crestwood common units, plus the assumption of asset level debt, and iii) divest its legacy, non-core barnett shale assets
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