Enbridge Bolsters Permian Presence with Salt Creek Midstream Acquisition

Enbridge has announced plans to acquire Salt Creek Midstream's crude gathering business in the Permian Basin, further expanding its presence in the region.

The acquired assets include approximately 500 miles of crude oil gathering infrastructure, serving over 20 producers with long-term commercial agreements covering around 320,000 net dedicated acres. With an average remaining contract life of about 10 years, the system provides stable cash flows and a foundation for future growth.

Enbridge's acquisition will add significant capacity to its existing network, increasing throughput by 420,000 barrels per day and storage by 350,000 barrels. The assets are strategically located near Enbridge's majority-owned Gray Oak Pipeline, enabling direct access to export terminals.