Enterprise Products to buy all member interests in EFS Midstream from Pioneer Natural and Reliance Industries for $2.15b.
- EPD sees deal immediately adding to DCF
- Paid in two installments w/ first $1.15b at closing, final $1b no later than first anniversary of closing
- PXD, Reliance to dedicate Eagle Ford acreage to EPD under 20-yr fixed-fee gathering pact, includes minimum volume requirement for first 7 yrs
- Deal to close in 3Q
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