Enterprise Completes Acquisition of Occidental’s Natural Gas Gathering Affiliate in the Permian Basin

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced that an affiliate of Enterprise has closed its acquisition of a natural gas gathering affiliate of Occidental in a debt-free transaction for $580 million in cash consideration. The acquired assets include certain natural gas gathering systems in the Midland Basin, as well as approximately 200 miles of natural gas gathering pipelines that support Occidental’s production activities in the Midlan