M&A Deal Summary

Enterprise Products Partners Acquires Acadian Gas Pipeline System

On September 25, 2000, Enterprise Products Partners acquired energy services and equipment company Acadian Gas Pipeline System from Shell Energy North America for 226M USD

Acquisition Highlights
  • This is Enterprise Products Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Enterprise Products Partners’ 5th largest (disclosed) transaction.
  • This is Enterprise Products Partners’ 3rd transaction in the United States.
  • This is Enterprise Products Partners’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2000-09-25
Target Acadian Gas Pipeline System
Sector Energy Services and Equipment
Buyer(s) Enterprise Products Partners
Sellers(s) Shell Energy North America
Deal Type Divestiture
Deal Value 226M USD

Target

Acadian Gas Pipeline System

Thibodaux, Louisiana, United States
Acadian's assets are comprised of the Acadian, Cypress and Evangeline natural gas pipeline systems, which together include over 1,000 miles of pipeline and have over one billion cubic feet ("Bcf") per day of capacity. The system includes a leased natural gas storage facility at Napoleonville, La. with 3.4 Bcf of capacity.

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Buyer(S) 1

Buyer

Enterprise Products Partners

Houston, Texas, United States

website

Category Company
Founded 1968
Sector Oil/Gas Exploration
Revenue 58.2B USD (2022)
DESCRIPTION

Enterprise Products Partners a major North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Enterprise Products Partners was incorporated in 1968 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 19
Sector (Energy Services and Equipment) 1 of 3
Type (Divestiture) 2 of 13
State (Louisiana) 1 of 2
Country (United States) 3 of 18
Year (2000) 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-20 Tejas Natural Gas Liquids

United States

Tejas Natural Gas Liquids LLC engages in the processing, fractionation, transportation, storage, marketing, and distribution of natural gas liquids. The company is based in the United States with fractionation and storage facilities in Louisiana, Texas, and Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-09 Dixie Pipeline

Roswell, Georgia, United States

Dixie Pipeline Company owns Dixie Pipeline, which is a major propane pipeline that transports propane from natural gas liquid (NGL) fractionators and refineries in Texas, Louisiana and Mississippi, to customers throughout the southeastern United States. The pipeline extends approximately 1,100 miles from Mont Belvieu, Texas, to near Raleigh, N.C. The pipeline includes a 204-mile lateral into Georgia.

Buy -

Seller(S) 1

SELLER

Shell Energy North America

Houston, Texas, United States

website

Category Company
Founded 1995
Sector Oil/Gas Exploration
DESCRIPTION

Shell Energy North America is the primary marketer of Shell’s natural gas production in North America.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 Avista Energy

Spokane, Washington, United States

Avista Energy, Inc. is a production, transmission and distribution of energy as well as other energy-related businesses.

Buy -
Mergr

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