M&A Deal Summary

JP Energy Partners Acquires Parnon Gathering

On August 14, 2012, JP Energy Partners acquired oil/gas exploration company Parnon Gathering

Acquisition Highlights
  • This is JP Energy Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is JP Energy Partners’ 1st transaction in the United States.
  • This is JP Energy Partners’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2012-08-14
Target Parnon Gathering
Sector Oil/Gas Exploration
Buyer(s) JP Energy Partners
Deal Type Add-on Acquisition

Target

Parnon Gathering

Tulsa, Oklahoma, United States
Parnon Gathering, Inc. is a crude oil midstream company that purchases, gathers, transports and markets crude oil for producers and refiners in the Mid-Continent area.

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Buyer(S) 1

Buyer

JP Energy Partners

Irving, Texas, United States

website

Category Company
Founded 2010
Sector Energy Services and Equipment
Revenue 680M USD (2015)
DESCRIPTION

JP Energy Partners LP is a limited partnership focused on the gathering, storage and movement of crude oil, refined products, and natural gas liquids from production in key basins to consumer end markets. JP Energy Partners was founded in 2010 and is based in Irving, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Oklahoma) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 Southern Propane

La Porte, Texas, United States

Southern Propane, Inc. is a provider of industrial and commercial propane distribution and logistics company.

Buy $15M
Mergr

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