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Regency Sustains Growth Boom; Inks Two More Midstream Mega-Deals

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Regency Sustains Growth Boom; Inks Two More Midstream Mega-Deals

Regency Energy Partners LP has inked two substantial midstream deals in an effort to expand its footprint in the U.S. shale market.

Regency has signed a deal to acquire Eagle Rock Energy's midstream business segment. Eagle Rock’s midstream assets include approximately 8,100 miles of gathering pipeline and over 800 MMcf/d of processing plants and its cash flows are supported by large, long-term acreage dedications.

The second deal, which includes Hoover Energy Partners, will grow the company's asset base in the Delaware Basin of West Texas as well as the Wolfbone play. 

In 2013, Regency has substantially grown its midstream asset base with multiple billion-dollar deals. In April, the company acquired Southern Union Gathering for $1.5 billion. This deal was followed up by Regency's largest…

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