Merger broadens companies’ midstream services

April 29, 2015 By    

Energy Transfer Partners LP and Regency Energy Partners LP announced a merger agreement earlier this year, and Regency unitholders approved the deal April 28. The unit-for-unit transaction is valued for Regency at $18 billion. The companies expect to capitalize on gathering and processing platforms in the Permian Basin and Eagle Ford Shale in Texas. According to a press release, the companies expect the merger to produce liquids volume growth for Lone Star, their natural gas liquids joint venture. In addition, the merger broadens the companies’ midstream footprint in Texas, as well as in the Marcellus and Utica shale plays of the Northeast.

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