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Enterprise Agrees to Acquire Occidental's Gas Gathering Affiliate; Enters Into Natural Gas Processing Agreement; Announces New Midland Basin Natural Gas Processing Plant

1. Enterprise Products Partners will acquire a natural gas gathering affiliate of Occidental. 2. This acquisition covers 73,000 acres in the Midland Basin, enhancing EPD's reach.

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FAQ

Why Bullish?

The acquisition increases EPD's operational capacity and market presence, likely boosting revenue. Historically, similar expansions have positively impacted stock performance.

How important is it?

The acquisition signifies a strategic growth opportunity for EPD, which is vital for future earnings potential.

Why Long Term?

The effects of enhancing infrastructure and market share will accrue over time, evident in prior acquisitions leading to sustained growth.

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OXYXOMCHK
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced that affiliates of Enterprise have executed agreements to acquire a natural gas gathering affiliate of Occidental and to provide Occidental with natural gas gathering and processing services. The agreements include a long-term dedication of approximately 73,000 acres across four counties in the Midland Basin. Enterprise will acquire Occidental's affiliate, which owns certain natural gas gather.

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