Enterprise to acquire piÑon midstream

Houston--(business wire)--enterprise products partners l.p. (nyse: epd) (“enterprise”) and piÑon midstream, llc (“piÑon midstream”), a portfolio company of black bay energy capital, today announced that enterprise's affiliate has entered into a definitive agreement to acquire piÑon midstream in a debt-free transaction for $950 million in cash consideration. piÑon midstream provides natural gas gathering and treating services in the core of the prolific eastern flank of the delaware basin in new.
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