EnCap Flatrock Midstream Completes Two Transactions with Plains All American
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EnCap Flatrock Midstream has agreed to sell Ironwood Midstream Energy Partners II and Plains Series A Preferred Units to Plains All American for over $800 million. The deal is expected to close in Q1 2025, pending regulatory approvals.
January 08, 2025 | 1:00 am
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Plains All American is acquiring Ironwood Midstream Energy Partners II and Plains Series A Preferred Units from EnCap Flatrock Midstream for over $800 million. The transaction is set to close in Q1 2025, pending regulatory approvals.
The acquisition of Ironwood Midstream and Plains Series A Preferred Units is a significant expansion for Plains All American, likely to positively impact its stock price. The deal's completion is contingent on regulatory approvals, but the announcement itself may boost investor confidence.
CONFIDENCE 90
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