Plains All American to Buy Powder River Basin Assets from Silver Creek
Plains All American is acquiring midstream assets in Wyoming's Powder River Basin from Silver Creek Midstream, bolstering Rockies integration.
Plains All American Pipeline has announced an agreement to acquire midstream assets in Wyoming's Powder River Basin from Silver Creek Midstream, a move the company says will strengthen its integration and wellhead connectivity across the Rockies region.
The transaction expands Plains' operational footprint in one of the more active crude oil and natural gas gathering corridors in the Mountain West, reinforcing the company's existing infrastructure network at the production level. Wellhead connectivity — the direct link between producer wells and midstream gathering systems — is considered a key competitive advantage in regions where pipeline access can constrain output.
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Silver Creek Midstream, which has built a portfolio of gathering and processing assets in the basin, is divesting the properties as Plains moves to consolidate its position in the area. Terms of the deal were not disclosed in the announcement.
The Powder River Basin, spanning parts of Wyoming and Montana, has attracted sustained midstream investment as producers work to unlock tight oil and gas formations. Acquiring established infrastructure in the basin typically allows a buyer to capture incremental volumes without the time and capital required to build greenfield systems.
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