Plains All American Pipeline $1.22 billion acquisition of Alpha Holding

Overview:

• Plains All American Pipeline has acquired Alpha Holdings in a $1.22 billion deal.
• Sold in separate deals by Concho Resources and Frontier Midstream Solutions, Alpha Holding is the owner of the Alpha Crude Connector.
• The ACC is a large-scale crude oil gathering system operating in the Delaware Basin.
• The transaction is one among a number of recent deals in the Permian Basin, including the recent acquisition of Clayton Williams Energy by Noble Energy.

Kurt Stumpo - Journalist