M&A Deal Summary

ONEOK Partners Acquires NGL Pipeline & Refined Products

On July 2, 2007, ONEOK Partners acquired oil/gas exploration company NGL Pipeline & Refined Products from Kinder Morgan Energy Partners for 300M USD

Acquisition Highlights
  • This is ONEOK Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is ONEOK Partners’ 2nd largest (disclosed) transaction.
  • This is ONEOK Partners’ 1st transaction in the United States.

M&A Deal Summary
Date 2007-07-02
Target NGL Pipeline & Refined Products
Sector Oil/Gas Exploration
Buyer(s) ONEOK Partners
Sellers(s) Kinder Morgan Energy Partners
Deal Type Divestiture
Deal Value 300M USD

Target

NGL Pipeline & Refined Products

United States
NGL pipeline system spans more than 1,600 miles and has a capacity to transport up to 125,000 barrels per day, with additional capacity under lease. The pipeline transports NGL purity products and various refined products, including unleaded gasoline and diesel fuel. More than 90 percent of the revenues associated with this system are fee based, primarily generated from transportation tariffs.

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Buyer(S) 1

Buyer

ONEOK Partners

Tulsa, Oklahoma, United States

website

Category Company
Founded 1993
Sector Energy Services and Equipment
Revenue 7.8B USD (2015)
DESCRIPTION

ONEOK Partners, L.P. is a publicly traded limited partnerships in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting much of the natural gas and NGL supply in the Mid-Continent with key market centers.

DEAL STATS #
Overall 1 of 3
Sector (Oil/Gas Exploration) 1 of 3
Type (Divestiture) 1 of 2
Country (United States) 1 of 3
Year (2007) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 Mesquite Pipeline

Texas, United States

Mesquite Pipeline Company owns and operates natural gas liquids pipelines.

Buy $800M

Seller(S) 1

SELLER

Kinder Morgan Energy Partners

Houston, Texas, United States
Category Company
Founded 1992
Sector Energy Services and Equipment
Employees8,000
DESCRIPTION

Kinder Morgan Energy Partners LP is an energy transportation, storage and distribution companies in North America. The Company owns an interest in or operates approximately 41,000 miles of pipelines that primarily transport natural gas, crude oil, petroleum products and CO2, and more than 155 terminals which store, transfer and handle products like gasoline and coal. Kinder Morgan Energy Partners LP was formed in 2002 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-15 Cochin Pipeline

Calgary, Alberta, Canada

Cochin Pipeline Co. transports natural gas liquids or fuels extracted from gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-27 Slay Industries - Four Terminals

United States

Slay Industries - Four Terminals include a marine terminal in Sauget, Ill., a transload liquid operation in Muscatine, Iowa, a liquid bulk terminal in St. Louis, Mo., and a warehousing distribution center in St. Louis.

Buy $98M
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