ET - What The ConocoPhillips-Royal Dutch Shell Permian Deal Means For Midstream September, 30 2021 05:25 PM Energy Transfer LP COP recently announced its purchase of RDS’s Permian assets. COP will be increasing spending and production on the acquired acreage. We see ENLC, EPD, and CEQP as beneficiaries. For further details see: What The ConocoPhillips-Royal Dutch Shell Permian Deal Means For Midstream