M&A Deal Summary

Silver Creek Midstream Acquires Genesis Energy - Powder River Basin Midstream Assets

On October 11, 2018, Silver Creek Midstream acquired energy services and equipment company Genesis Energy - Powder River Basin Midstream Assets from Genesis Energy for 300M USD

Acquisition Highlights
  • This is Silver Creek Midstream’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Silver Creek Midstream’s largest (disclosed) transaction.
  • This is Silver Creek Midstream’s 2nd transaction in the United States.
  • This is Silver Creek Midstream’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-10-11
Target Genesis Energy - Powder River Basin Midstream Assets
Sector Energy Services and Equipment
Buyer(s) Silver Creek Midstream
Sellers(s) Genesis Energy
Deal Type Divestiture
Deal Value 300M USD

Target

Genesis Energy - Powder River Basin Midstream Assets

Houston, Texas, United States
Genesis Energy LP - Powder River Basin Midstream Assets provides a full suite of crude services to producers in the core of the basin owns over 190 miles of crude trunk line and gathering pipelines with multiple interconnections to downstream markets out of Guernsey.

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Buyer(S) 1

Buyer

Silver Creek Midstream

Irving, Texas, United States

website


Category Company
Sector Energy Services and Equipment
DESCRIPTION

Silver Creek Midstream is a private midstream company focused on providing crude oil gathering, storage, and terminalling services. Silver Creek Midstream is based in Irving, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2018) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-15 Red Butte Pipe Line

Casper, New York, United States

Red Butte Pipe Line LLC is a 530-mile crude oil gathering system with an expansive footprint across the Big Horn and Wind River Basins. Red Butte is anchored by a long-term dedication, and is currently the largest pipeline gathering asset transporting crude oil out of the Big Horn and Wind River Basins to Casper, WY.

Buy -

Seller(S) 1

SELLER

Genesis Energy

Houston, Texas, United States

website


Category Company
Founded 1996
Sector Energy Services and Equipment
Employees1,897
Revenue 1.8B USD (2020)
DESCRIPTION

Genesis Energy is a midstream energy master limited partnership that provides a diverse portfolio of customers, operations and assets, including refinery-related plants, pipelines, storage terminals, and trucking operations. Genesis Energy was founded in 1996 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Tronox - Alkali Business

Stamford, Connecticut, United States

Tronox Ltd. - Alkali Business is a producer of natural soda ash, also known as sodium carbonate (Na2CO3), a basic building block for a number of ubiquitous products, including flat glass, container glass, dry detergent and a variety of chemicals and other industrial products. The Alkali Business produces approximately four million tons of natural soda ash per year, representing approximately 28% of all the natural soda ash produced in the world and, based on current production rates, has an estimated reserve life remaining of over 100 years.

Buy $1.3B