In three quick transactions, midstream deals have become hot in the first few days of October with companies committing a combined $14.35 billion for access to blockbuster shale plays.
First, Crestwood Midstream Partners LP (NYSE: CMLP) announced it would merge with Inergy Midstream for $8 billion. The deal was announced on Oct. 7.
Three days later, Crestwood announced that it is buying Arrow Midstream Holdings LLC for $750 million. The company’s aim is to focus on liquids through expansion of operations in the Bakken.
Also on Oct. 10, Regency Energy Partners LP (NYSE: RGP) said ...