Deal scope and Permian footprint
Enbridge has agreed to acquire Salt Creek Midstream's crude oil-gathering business in the U.S. for $600 million in cash, the Canadian midstream company announced on August 27, 2026. The transaction, executed through a wholly owned subsidiary, covers 100% of the Orla and Wink North systems and a 50% stake in the Delaware Crossing (DCX) system, spanning roughly 500 miles of crude-gathering infrastructure in the Delaware Basin. The systems serve more than 20 producers under long-term commercial agreements covering approximately 320,000 net dedicated acres, with an average remaining contract duration of around ten years.
The combined assets offer throughput capacity of 420,000 barrels per day and storage capacity of 350,000 barrels, and they connect to several long-haul Permian crude pipelines, including the Gray Oak Pipeline, which is majority-owned by Enbridge.
Integration with Enbridge's Gulf Coast network
Enbridge liquids pipelines executive vice-president and president Colin Gruending said the acquisition will extend the company's presence deeper into the Permian Basin through the addition of a crude-gathering platform that links directly to its downstream assets. "These assets will strengthen our value chain in the Permian Basin and Enbridge can now offer customers full wellhead to water integration via Gray Oak, Cactus II and the Enbridge Ingleside Energy Center," Gruending said.
The deal establishes a direct connection from Permian production to the Enbridge Ingleside Energy Center, which the company described as North America's largest crude export terminal. Enbridge said the acquisition is expected to immediately enhance distributable cash flow per share and earnings per share, while leaving 2026 financial guidance unchanged.
Closing conditions and advisers
Completion is anticipated later in 2026, subject to standard closing requirements, including regulatory clearance from the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. RBC Capital Markets served as financial adviser to Enbridge, with legal advice from Sidley Austin and Sullivan & Cromwell.
Other developments
Separately, the Wisconsin Department of Natural Resources sent an August 27, 2026 letter asking Enbridge to halt work on its Line 5 reroute after a parked, unoccupied semi truck rolled into an open excavation site on a Line 5 valve project in Iron County on August 26, releasing natural gas liquids and prompting an evacuation of a nearby home as a precaution. DNR Secretary Karen Hyun said the agency was "deeply concerned" by the spill and "immensely frustrated" by earlier events where the company failed to comply with state regulations, and asked roughly 20 questions about release volumes, air monitoring, and timelines. Enbridge, which said about 150 people are working the response, stated it anticipated returning the pipeline to service between August 31 and September 5, 2026.
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