What is the reported value and target of Enbridge's potential pipeline acquisition, and who currently owns it?

Enbridge Inc. is in advanced talks to buy the Pony Express Pipeline from Blackstone Inc.'s Tallgrass Energy for about $2 billion. The Pony Express Pipeline carries crude oil approximately 900 miles from oil fields in the Rocky Mountain region to Cushing, Oklahoma.

Why is this potential deal considered significant in the context of US–Canada trade relations and recent energy infrastructure developments?

The deal is seen as a test of whether the tariff war between the US and Canada will affect the energy pipeline M&A market; it would be one of the three largest Canada-to-US M&A deals this year and the largest since trade talks collapsed in August. It also comes amid heightened US presidential attention to cross-border oil infrastructure, including Trump’s April 2024 authorization of the Bridger pipeline expansion—a partial revival of the Keystone XL Pipeline.

Enbridge Said to Near Deal for Major US Oil Pipeline

Sep 9, 2026

Enbridge Inc. is in advanced talks to acquire the Pony Express crude oil pipeline from Tallgrass Energy for approximately $2 billion. The deal marks one of the largest Canada-to-US M&A transactions this year.

bloomberg

2026-09-09

Enbridge Said to Near Deal for Major US Oil Pipeline

Enbridge Said to Near Deal for Major US Oil Pipeline

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