August 27, 2026 [Storage Terminals Magazine]- Enbridge Inc. has entered into a definitive agreement, through a wholly owned subsidiary, to acquire Salt Creek Midstream’s crude oil gathering business for US$600 million in cash.

The transaction includes 100 percent ownership of the Orla and Wink North systems, as well as a 50 percent interest in the Delaware Crossing (DCX) system. The assets comprise approximately 500 miles of crude oil gathering infrastructure located in the core of the Delaware Basin, one of North America’s leading crude oil producing regions.

The gathering systems serve more than 20 producers and are supported by approximately 320,000 net dedicated acres under long-term commercial agreements. With an average remaining contract life of around 10 years, the assets are expected to provide Enbridge with stable, long-term cash flows and opportunities for future growth.

The Orla, Wink North and DCX systems have a combined throughput capacity of 420,000 barrels per day and 350,000 barrels of storage capacity. They also provide access to several long-haul Permian crude oil egress pipelines, including Enbridge’s majority-owned Gray Oak Pipeline.

The acquisition will strengthen the connection between crude oil production in the Permian Basin and export markets through the Enbridge Ingleside Energy Center in Texas, which is North America’s largest crude oil export terminal.

Colin Gruending, executive vice president and president of Enbridge Liquids Pipelines, said the acquisition would extend Enbridge’s presence deeper into the Permian Basin through the addition of a highly connected crude gathering platform. He added that the assets would strengthen the company’s value chain in the region and enable Enbridge to offer customers integrated transportation from the wellhead to water through Gray Oak, Cactus II and the Enbridge Ingleside Energy Center.

Enbridge expects the transaction to be immediately accretive to distributable cash flow per share and earnings per share. The company’s 2026 financial guidance remains unchanged following the announcement.

The transaction is expected to close later in 2026, subject to customary closing conditions, including clearance from the US Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.