M&A Deal Summary

Plains All American and Noble Midstream Partners Acquire Advantage Pipeline

On February 13, 2017, Plains All American and Noble Midstream Partners acquired energy services and equipment company Advantage Pipeline for 133M USD

Acquisition Highlights
  • This is Plains All American’s 3rd and Noble Midstream Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Plains All American’s 3rd and Noble Midstream Partners’ largest (disclosed) transaction.
  • This is Plains All American’s 6th and Noble Midstream Partners’ 1st transaction in the United States.
  • This is Plains All American’s 2nd and Noble Midstream Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2017-02-13
Target Advantage Pipeline
Sector Energy Services and Equipment
Buyer(s) Plains All American
Noble Midstream Partners
Deal Type Add-on Acquisition
Deal Value 133M USD

Target

Advantage Pipeline

Midland, Texas, United States
website
Advantage Pipeline LLC owns a 70-mile, 16-inch crude oil pipeline located in the southern Delaware Basin.

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Buyer(S) 2

Buyer

Plains All American

Houston, Texas, United States

website

Category Company
Founded 1998
Sector Energy Services and Equipment
Employees4,400
Revenue 42M USD (2021)
DESCRIPTION

Plains All American is a provider of oil pipeline transportation, marketing, and storage business. The company engages in the transportation, storage, terminalling and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products. Plains All American was founded in 1998 and is based in Houston, Texas.

DEAL STATS #
Overall 6 of 7
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (Texas) 2 of 3
Country (United States) 6 of 7
Year (2017) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Frontier Midstream Solutions III

Tulsa, Oklahoma, United States

Frontier Midstream Solutions III LLC is a midstream development project in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 CVR Energy - Cushing Terminal

Sugar Land, Texas, United States

CVR Energy, Inc. - Cushing Terminal comprises 1.5-million-barrel Cushing, Oklahoma, a crude oil terminal and related assets.

Buy $36M
Buyer

Noble Midstream Partners

Houston, Texas, United States

website

Category Company
Founded 2014
Sector Oil/Gas Exploration
Revenue 765M USD (2020)
DESCRIPTION

Noble Midstream Partners LP is an explorer and producer of crude oil and natural gas. NBLX currently provides crude oil, natural gas, and water-related midstream services and owns equity interests in oil pipelines in the DJ Basin in Colorado and the Delaware Basin in Texas. Noble Midstream Partners was founded in 2014 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
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