Brief: Crestwood Announces Strategic Delaware Basin Acquisitions And Divestiture Of Its Non-Core Barnett Shale Assets

Crestwood Equity Partners LP

25/05/2022 22:39

May 25 (Reuters) - Crestwood Equity Partners LP  CEQP.N :
    * CRESTWOOD ANNOUNCES STRATEGIC DELAWARE BASIN ACQUISITIONS
AND
DIVESTITURE OF ITS NON-CORE BARNETT SHALE ASSETS
    * CRESTWOOD EQUITY PARTNERS LP -  WILL ACQUIRE SENDERO
MIDSTREAM
PARTNERS, LP FOR $600 MILLION IN CASH
    * CRESTWOOD EQUITY PARTNERS LP - CO TO ACQUIRE SENDERO
MIDSTREAM
PARTNERS, LP & FIRST RESERVE'S 50% INTEREST IN CRESTWOOD PERMIAN
JV
    * CRESTWOOD EQUITY PARTNERS LP - DIVESTITURE OF BARNETT
SHALE
ASSETS FOR $275 MILLION
    * CRESTWOOD EQUITY PARTNERS LP - DIVEST ITS LEGACY, NON-CORE
BARNETT SHALE ASSETS TO ENLINK MIDSTREAM, LLC
    * CRESTWOOD EQUITY PARTNERS LP -  TO ACQUIRE FIRST RESERVE'S
50%
INTEREST IN CPJV FOR $320 MILLION IN CRESTWOOD COMMON UNITS,
ASSUMPTION OF ASSET LEVEL DEBT
    * CRESTWOOD EQUITY PARTNERS LP - DEALS FINANCED WITH CASH
PROCEEDS
FROM DIVESTITURE OF BARNETT SHALE ASSETS
    * CRESTWOOD EQUITY PARTNERS LP - DEALS FINANCED WITH CASH
PROCEEDS
FROM COMMON EQUITY ISSUED TO FIRST RESERVE, & REVOLVER
BORROWINGS

Source text for Eikon:  ID:nBw63FGHja 
Further company coverage:  CEQP.N 

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