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US: Enterprise completes $2 billion acquisition of Eagle Ford

 |  July 8, 2015

Enterprise Products Partners today announced it has closed on its purchase of the member interests in EFS Midstream from affiliates of Pioneer Natural Resources Company and Reliance Holding USA. The purchase price of $2.15 billion is being paid in two installments.

EFS Midstream provides natural gas gathering, treating, compression and condensate processing services in the Eagle Ford Shale. The EFS Midstream system includes approximately 460 miles of natural gas gathering pipelines, 10 central gathering plants, 780 million cubic feet per day of natural gas treating capacity and 119 thousand barrels per day of condensate stabilization capacity.

Full content: World Oil

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