The acquisition will give the Calgary-based oil company full ownership of the Orla and Wink North gathering systems to collect crude oil, and a 50 per cent stake in the Delaware Crossing system. The deal includes about 800 kilometres of oil-gathering infrastructure that serves more than 20 producers in New Mexico and Texas. (The Logic)

Talking point: The deal expands Enbridge’s presence in the Permian Basin, the largest oil-producing market in the U.S. The company already operates and owns a majority stake in the Gray Oak pipeline, which carries Permian crude to Enbridge’s Ingleside Energy Center on the Texas Gulf Coast. The Salt Creek systems it agreed to buy can handle 420,000 barrels a day and are backed by commercial agreements with an average of about 10 years remaining. Enbridge expects the deal—which it anticipates closing later this year—to immediately increase its cash flow and profit per share, however, it hasn’t changed its 2026 financial guidance.

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