The Express-Platte Pipeline System, which begins in Hardisty, Alberta, and terminates in Wood River, Illinois, includes the Express and Platte crude oil pipelines. The Express pipeline carries crude oil to refining markets in the Rocky Mountain states. The pipeline’s capacity is 280,000 barrels a day. The Platte pipeline, which interconnects with the Express pipeline in Casper, Wyoming, transports crude oil predominantly from the Bakken and Western Canada to refiners in the Midwest. Platte’s capacity ranges from 164,000 barrels a day in Wyoming to 145,000 barrels a day in Illinois.
Express-Platte Pipeline System was acquired by Spectra Energy on March 14, 2013.
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Out of 60 sectors in the Mergr database, energy services and equipment ranked 15 in number of deals in 2013. The largest energy services and equipment acquisition in 2013 was NV Energy - which was acquired by MidAmerican Energy Holdings for $5.6B.
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