Enbridge Buys Tallgrass Oil Business
Enbridge has agreed to acquire Blackstone-owned Tallgrass Energy's crude oil business for $2.55 billion in cash. The deal expands the Canadian operator's U.S. liquids pipeline network by adding a majority stake in the Pony Express Pipeline.
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ENBRIDGE INC will acquire Blackstone Inc's Tallgrass crude oil business for $2.55B in cash, expanding its U.S. pipeline network. The Canada-based operator is buying a 75% stake in the Pony Express Pipeline and other key assets. The transaction strengthens Enbridge's footprint across major United States crude basins ahead of a late 2026 close.
