Enterprise Announces Acquisition of Eagle Ford Midstream Assets
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Enterprise Products Partners (EPD) to Acquire EFS Midstream in $2.15B Deal
June 1, 2015 8:52 AM EDTEnterprise Products Partners (NYSE: EPD) announced it has executed definitive agreements to purchase all of the member interests in EFS Midstream LLC (EFS Midstream) from affiliates of Pioneer Natural Resources Company (NYSE: PXD) and Reliance Industries Limited (Reliance) for $2.15 billion. The purchase price will be paid in two installments with the first installment of $1.15 billion paid at closing and the final installment of $1.0 billion paid no later than the first anniversary of the closing date.
EFS Midstream provides gas gathering, treating,... More
