MORE: Enterprise Products to Buy Eagle Ford Assets for $2.15b

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
Link to Statement:Link

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