{
  "id": 3491888,
  "title": "Enbridge acquires Permian crude gathering assets for $600 million",
  "url": "https://urgent.news/2026/08/26/enbridge-acquires-permian-crude-gathering-assets-for-600-million",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-26T11:04:35.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/enbridge-acquires-permian-crude-gathering-assets-for-600-million-93CH-4876871"
  },
  "original_language": "en",
  "account": "Enbridge Inc., a major Canadian energy company, has announced its acquisition of Salt Creek Midstream's crude oil gathering business for a total of $600 million in cash. This deal includes the entirety of the Orla and Wink North systems, as well as a 50% stake in the Delaware Crossing system. These assets span approximately 500 miles of crude oil gathering infrastructure within the Delaware Basin, serving over 20 producers and backed by long-term commercial agreements that average 10 years remaining. The combined throughput capacity of the systems is 420,000 barrels per day, with an additional storage capacity of 350,000 barrels. The infrastructure is capable of delivering into multiple long-haul Permian crude pipelines, including Enbridge's majority-owned Gray Oak Pipeline. The acquisition will strengthen Enbridge's position in the Permian Basin by adding a highly connected crude gathering platform and will enable the transportation of crude oil production from the region to Enbridge Ingleside Energy Center. According to Colin Gruending, Executive Vice President and President of Enbridge Liquids Pipelines, the transaction is expected to be immediately accretive to distributable cash flow per share and earnings per share. The company's 2026 financial guidance remains unchanged, and the transaction is anticipated to close later this year, subject to completing all necessary regulatory clearances. RBC Capital Markets served as the financial advisor, while Sidley Austin LLP and Sullivan & Cromwell LLP provided legal counsel.",
  "summary": null,
  "key_points": [
    "Enbridge acquires Salt Creek Midstream's crude oil gathering assets for $600 million.",
    "Acquisition includes Orla and Wink North systems, 50% stake in Delaware Crossing.",
    "Transaction strengthens Enbridge's position in the Permian Basin."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}