Enterprise Products Partners Acquires Piñon Midstream

Enterprise Products Partners Acquires Navitas Midstream Partners

February 17, 2022

Infrastructure

Enterprise Products Partners L.P. (through an affiliate) agreed to acquire Navitas Midstream Partners, LLC for $3.25 billion in a debt-free, all-cash transaction. The deal gives Enterprise a foothold in natural gas gathering, treating and processing in the core of the Midland Basin of the Permian. Enterprise later announced the acquisition was completed.

Phillips 66 Acquires Pinnacle Midstream from Energy Spectrum Capital

May 20, 2024

Energy

Phillips 66 has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle Midstream II) from private equity firm Energy Spectrum Capital for $550 million to expand its natural gas gathering and processing footprint in the Midland Basin. The assets include the Dos Picos 220 MMcf/d processing plant, ~80 miles of gathering pipeline and 50,000 dedicated acres; the deal is expected to close mid‑2024 subject to customary conditions, including HSR clearance.

Crestwood Equity Partners Acquires Sendero Midstream Partners

June 3, 2022

Energy

Crestwood Equity Partners LP entered into a definitive agreement to acquire Sendero Midstream Partners, LP for $600 million in cash. The transaction was expected to close in July 2022 and is aimed at expanding Crestwood’s natural gas gathering and processing footprint in Eddy County, New Mexico (Northern Delaware Basin).

MPLX LP Acquires Northwind Midstream for $2.375 Billion

September 2, 2025

Infrastructure

MPLX LP has completed its $2.375 billion acquisition of Northwind Delaware Holdings LLC (Northwind Midstream), which provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The acquisition strengthens MPLX’s Permian Basin natural gas and NGL value chains and is expected to be immediately accretive to distributable cash flow, with estimated incremental capital of $500 million for in-process expansion projects.

Cardinal Midstream Partners Acquires Medallion's Delaware Basin Gas Gathering and Processing Business

February 6, 2023

Energy

Cardinal Midstream Partners, a Dallas-based midstream platform backed by EnCap Flatrock Midstream, closed the acquisition of Medallion Midstream Services' natural gas gathering and processing business in the Delaware Basin (Reeves and Loving counties). The assets include ~80 miles of gathering pipelines and a 140 MMcf/d processing facility and are expected to serve as a cornerstone for Cardinal's growth and future bolt-on opportunities in the basin.

Kinder Morgan Acquires NextEra Energy Partners' South Texas Assets (STX Midstream)

December 28, 2023

Oil & Gas

Kinder Morgan closed its previously announced $1.815 billion acquisition of NextEra Energy Partners' South Texas assets (STX Midstream), acquiring majority interests in multiple natural gas pipelines including a 90% interest in the NET Mexico pipeline and a 50% interest in Dos Caminos LLC. The assets expand Kinder Morgan's South Texas footprint and provide greater connectivity to LNG, Mexico export and Gulf Coast power and industrial markets.