Enbridge Inc. is in advanced talks to acquire the Pony Express Pipeline from Blackstone-owned Tallgrass Energy. The potential transaction is valued at approximately $2 billion. An official announcement could occur within days, though negotiations remain ongoing and may still collapse.
The acquisition would expand Enbridge’s presence as a primary North American crude oil transporter. The Pony Express system connects production in the Bakken, Powder River, and Denver-Julesburg basins. This pipeline serves as a critical link to the major storage and trading hub in Cushing, Oklahoma.