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Energy Transfer Equity
Energy Transfer LP, a Dallas-based midstream energy company, will acquire Lotus Midstream Operations LLC, based in Sugar Land, for $1.45 billion in a deal that includes $900 million in cash and approximately 44.5 million newly issued Energy Transfer common units. The acquisition will add Centurion Pipeline Company LLC, an integrated, crude midstream platform in the Permian Basin, to Energy Transfer's portfolio.
Dallas’ Energy Transfer to Acquire Lotus Midstream in $1.45B Deal
by Lance Murray | Mar 28, 2023
Energy Transfer LP, a Dallas-based midstream energy company, will acquire Lotus Midstream Operations LLC, based in Sugar Land, for $1.45 billion in a deal that includes $900 million in cash and approximately 44.5 million newly issued Energy Transfer common units. The acquisition will add Centurion Pipeline Company LLC, an integrated, crude midstream platform in the Permian Basin, to Energy Transfer's portfolio.
