Announced
Synopsis
Enterprise Products Partners, a provider of midstream energy services to producers and consumers of natural gas, agreed to acquire Piñon Midstream, a gas company, from Black Bay Energy Capital, a private equity firm, for $950m. “The Piñon team is thrilled to contribute our unique Delaware Basin gas treating system to Enterprise, a true leader in the midstream energy business. Our team, and specifically our incredible field personnel and loyal employees, set out to build the premier sour gas treatment and carbon sequestration asset in the market and, with the support of our producer clients, achieved our goal. We would also like to thank the Black Bay Energy Capital team for their close partnership and support to start this business during an extremely challenging time in the energy markets,” Steven Green, Piñon Midstream CEO.
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