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Energy Transfer Crude Oil Company, LLC

Company Summary

Description

Holding company for the Energy Transfer Crude Oil Pipeline

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Company Transactions

Date: 10/2/2017
Type: Acquisition

BUYERS:
  • Phillips 66 Partners LP
    • SELLERS:
  • Phillips 66
  • Merey Sweeny L.P
  • Dakota Access, LLC
  • Energy Transfer Crude Oil Company, LLC
    • ASSETS:
  • Dakota Access Pipeline System
  • Sweeny Refinery
    • DETAILS:

    COST: 2.4 $B

    NOTES:
    Phillips 66 Partners has entered into a deal to acquire a 25% stake in Dakota Access, LLC and Energy Transfer Crude Oil Company and a 100% interest in Merey Sweeny, LP from Phillips 66. The acquisition has a transactional value of $2.4 billion, which includes the assumption of $625 million in Bakken Pipeline debt and $100 million in Merey Sweeny related debt. The deal is set to close in early October 2017.
    REGIONS:
  • Rockies
  • Gulf Coast