One-Page Deal Sheet
Crestwood Equity Sells Barnett Legacy Midstream Assets to EnLink for $275MM
EnLink Midstream, LLC Crestwood Equity Partners LP
Announced Date
May 25,2022
Close Date
July 01,2022
Transaction Type
Asset
Location
Region
Mid-Continent - North Texas
Country
United States
State
Texas
Play
Transaction Details: Subscribe to see
Crestwood Equity Partners has struck a deal to divest its legacy, non-core Barnett Shale assets to EnLink Midstream LLC for $275 million in cash.
This deal closed on July 1, 2022.
The divestiture of Crestwood’s assets includes the Alliance System, the Lake Arlington System and the Cowtown System, representing a full exit from the Barnett Shale. Crestwood will utilize the cash proceeds from the sale to fund the cash consideration for the Sendero Midstream acquisition.
These transactions have been unanimously approved by the Board of Directors of Crestwood’s general partner.
AdvisorsRBC Capital…
Mid-Continent - North Texas Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-10-2018 |
-  |
- |
Click here | Midstream | |
| Dec-21-2016 |
- |
- |
Click here | Texas | Midstream |