EnLink Midstream
Acquisition in 2024
EnLink Midstream is an integrated midstream energy company that provides a range of services across five operating segments: Permian, North Texas, Oklahoma, Louisiana, and Corporate. The company specializes in the gathering, processing, transportation, and storage of natural gas, natural gas liquids, crude oil, and condensate, as well as offering brine disposal services. EnLink operates approximately 12,000 miles of pipelines, 21 natural gas processing plants, seven fractionation facilities, and various storage and terminal facilities. It plays a significant role in key North American oil and gas regions, including the Gulf Coast, Haynesville, and Permian basins. EnLink Midstream aims to deliver customized solutions that foster sustainable growth and value for its customers and stakeholders, leveraging its diverse asset base and strategic industry relationships. Founded in 2002 and headquartered in Dallas, Texas, the company was previously known as Crosstex Energy L.P. before rebranding in 2014.
Magellan Midstream Partners
Acquisition in 2023
Magellan Midstream Partners is a master limited partnership that specializes in the transportation, storage, and distribution of refined petroleum products and crude oil across the United States. The company operates the longest refined petroleum products pipeline system in the country, which enables it to connect to nearly 50% of the nation's refining capacity. Its operations are divided into three segments: Refined Products, Crude Oil, and Marine Storage. The refined products segment accounts for approximately 70% of the company's operating margin and includes the transportation of gasoline, distillates, aviation fuels, and liquefied petroleum gases for various clients, including independent refiners and oil companies. Additionally, Magellan provides services such as terminalling, additive injection, and custom blending. The company also owns crude oil pipelines and storage facilities, as well as marine terminals that offer distribution and storage solutions. As of the end of 2019, Magellan's extensive pipeline system spanned approximately 9,800 miles and included various terminals and storage capacities, solidifying its position as a key player in the U.S. energy sector.