Enterprise Products Partners announced on August 6, 2025, that affiliates have executed agreements to acquire a natural gas gathering affiliate of Occidental for $580 million in cash consideration. This debt-free transaction includes natural gas gathering systems and approximately 200 miles of pipelines in the Midland Basin.
The acquisition is complemented by Enterprise's plan to build the new Athena natural gas processing plant in the Midland Basin. This plant will have the capacity to process 300 million cubic feet per day of natural gas and extract up to 40,000 barrels per day of natural gas liquids (NGL).
The Athena plant is expected to begin service during the fourth quarter of 2026, increasing Enterprise's Midland Basin processing capability to 2.2 billion cubic feet per day of natural gas and 310,000 barrels per day of NGLs. These investments are included in the company's growth capital expenditure estimates for 2025 and 2026, reinforcing its commitment to Permian Basin expansion.
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