Energy Transfer (ET) Buys WTG Midstream to Expand Operation

This acquisition expanded Energy Transfer's presence in the Midland Basin as it added 6,000 miles of complementary gas-gathering pipelines in the region. The deal added eight gas processing plants with a total capacity of 1.3 billion cubic feet per day and two additional processing plants, which are under construction. The completion of the acquisition will provide incremental revenues to Energy Transfer from gathering and processing activities, along with downstream transportation and fractionation fees. T ...