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Enterprise Products (EPD) Signs Deal to Acquire Pinon Midstream

Enterprise Products Partners L.P. (EPD) announced an agreement to acquire Pinon Midstream, LLC, a portfolio company of Black Bay Energy Capital, for $950 million in cash. The strategic acquisition marks a significant expansion of Enterprise Products' operations in the Delaware Basin, which spans parts of New Mexico and Texas. The acquisition is expected to accelerate Enterprise Products' entry into the eastern flank of the Delaware Basin by at least three to four years, providing a strategic foothold for th ...