DTE Midstream, a non-utility business of DTE Energy, expands growth platform with acquisition of high-quality midstream assets
Retrieved on:
Friday, October 18, 2019
"This acquisition significantly enhances the strength and diversity of DTE Midstream, adding premium assets in one of the fastest growing and best positioned U.S. shale formations.
Key Points:
- "This acquisition significantly enhances the strength and diversity of DTE Midstream, adding premium assets in one of the fastest growing and best positioned U.S. shale formations.
- Assets in Louisiana's highly-economic Haynesville shale basin will enhance DTE Midstream's business and provide access to growing Gulf Coast markets.
- Haynesville provides the next opportunity for DTE to create significant value with its midstream assets in a very high-quality basin.
- DTE Energy's plan has been to invest $4 billion-$5 billion in the DTE Midstream business from 2019-2023; this acquisition is in line with that plan.