Energy Transfer LP's agreement to buy Enable Midstream Partners for $7.3 billion from utility owners CenterPoint Energy Inc. and OGE Energy Corp. was the second-largest transaction announced for the month, while Chevron Corp. offered to roll up Noble Midstream Partners LP for $422.8 million after acquiring parent Noble Energy Inc. in 2020. On March 5, Chevron and Noble Midstream announced a formal merger agreement that, according to Credit Suisse, has an implied premium of about 17% to the initial bid. The surge of midstream consolidation has arrived sooner than anticipated, but industry experts do not think that the proposed transactions so far are enough to shrink the pipeline sector to the size it needs to be.