Enbridge Inc. has acquired a stake in the Matterhorn Express Pipeline, as confirmed by Devon Energy's sale of its interest in the asset. This acquisition was part of a premium sale to Enbridge and MPLX, highlighting the value of midstream assets in upstream portfolios.
The Matterhorn Express Pipeline is a significant addition to Enbridge's midstream infrastructure, particularly in Texas gas pipelines. This investment enhances Enbridge's capacity to transport natural gas from key production basins.
This strategic acquisition is expected to contribute to Enbridge's EBITDA, as noted by management as a tailwind for 2025. It reinforces the company's position in connecting supply to growing demand centers, including LNG exports and power generation.
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