Energy Transfer and Enable Midstream Announce Merger Completion

Dallas-based Energy Transfer LP and Oklahoma City-based Enable Midstream Partners, LP announced the completion of their merger. The terms of agreement were approved earlier this year by Enable’s two largest unitholders, CenterPoint Energy, Inc. and OGE Energy Corp., which together owned approximately 79% of Enable’s outstanding common units. Effective with the opening of the market on December 3, 2021, Enable’s common units will discontinue trading on the NYSE as a result of the acquisition, according to a company press release.

Energy Transfer Permit Download

Air Permits

Texas Pipeline Permits

Wells Drilled

Energy Transfer now owns and operates more than 114,000 miles of pipelines and related assets in all of the major U.S. producing regions and markets across 41 states, further solidifying its leadership position in the midstream sector. The merger adds significant fee-based cash flows from fixed-fee contracts. Additionally, the combined operations of the two companies is expected to generate annual run-rate cost and efficiency synergies of more than $100 million, excluding potential financial and commercial synergies.

The acquisition significantly strengthens Energy Transfer’s midstream and gas transportation systems by adding Enable’s natural gas gathering and processing assets in the Anadarko Basin in Oklahoma, along with intrastate and interstate pipelines in Oklahoma and surrounding states. It also boosts Energy Transfer’s gas gathering and processing assets in the Arkoma basin across Oklahoma and Arkansas, as well as in the Haynesville Shale in East Texas and North Louisiana.

Oil & Gas Operators

Comstock Resources
Grit Oil & Gas
Spartan Delta Corp
Obsidian Energy
Vermilion Energy
Teine Energy Ltd
Aethon Energy
Bta Oil Producers
Tap Rock Resources
bpx energy