Enbridge in Advanced Talks to Acquire Pony Express Pipeline
Enbridge Inc., the Canadian energy infrastructure company, is in advanced discussions to purchase the Pony Express crude oil pipeline, a major U.S. pipeline, from Blackstone Inc.’s Tallgrass Energy for an estimated consideration of approximately $2 billion, according to Bloomberg citing people familiar with the matter.
The sources indicated that the transaction could be announced within days, but cautioned that no final decision has been reached and the timing of any announcement could change.
Representatives of Enbridge, Blackstone and Tallgrass did not immediately respond to requests for comment, stating they could not comment at this stage.
The article notes that the information is not public and the parties requested anonymity. The report was generated with AI support and reviewed by an editor.