Left to right: Bryan A. Erman, William D. Lambert, Brian J. Willey, and Robert T. Macalik [Photos: Matador Resources]
Dallas-based Energy Transfer LP has agreed to acquire Houston-based Crestwood Equity Partners in an all-equity transaction valued at roughly $7.1 billion.
Included in the deal is the assumption of $3.3 billion of debt, based on the closing price on Aug. 15, Energy Transfer said. The deal is expected to close in the fourth quarter....