Noble Midstream and Greenfield Midstream to acquire a 20% stake in Saddlehorn Pipeline for $155m.

Noble Midstream and Greenfield Midstream, two energy companies, agreed to acquire a 20% stake in Saddlehorn Pipeline for $155m. "This accretive transaction represents a rare opportunity to buy into a largely-contracted pipeline with high-quality producers and midstream operators. Saddlehorn strengthens the Black Diamond position as the premier full-service crude transportation provider in the DJ Basin and enhances the value proposition provided to our customers. Further, this investment is anticipated to generate high rates of return, provide diversification, and increase our exposure to stable cash flow streams," Robin Fielder, Noble Midstream President and Chief Operating Officer.