Investment Summary

Energy Transfer Invests In Yellowstone Pipe Line

On October 31, 2002, Energy Transfer invested in oil/gas exploration company Yellowstone Pipe Line from Union Oil Company of California

Investment Highlights
  • This is Energy Transfer’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Energy Transfer’s 3rd transaction in the United States.
  • This is Energy Transfer’s 1st transaction in Montana.

Investment Summary
Date 2002-10-31
Target Yellowstone Pipe Line
Sector Oil/Gas Exploration
Investor(s) Energy Transfer
Sellers(s) Union Oil Company of California
Deal Type Stake Purchase

Target

Yellowstone Pipe Line

Montana, United States
Yellowstone is a 725-mile petroleum products pipeline system that originates from refineries in Billings, Montana to markets in Montana, northern Idaho and eastern Washington state. The pipeline shipped approximately 66 thousand bpd in 2001.

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Investor(S) 1

Investor

Energy Transfer

Dallas, Texas, United States
Category Company
Founded 1996
Sector Energy Services and Equipment
Employees13,786
Revenue 78.6B USD (2023)
DESCRIPTION

Energy Transfer is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil, refined products, and natural gas liquids pipeline, terminalling and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, refined products, and natural gas liquids. Energy Transfer was incorporated in 1996 and is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 13
Sector (Oil/Gas Exploration) 3 of 6
Type (Stake Purchase) 3 of 4
State (Montana) 1 of 1
Country (United States) 3 of 12
Year (2002) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-31 Wolverine Pipe Line

Portage,, Michigan, United States

Wolverine consists of 618 miles of petroleum products pipeline and related facilities in Michigan, Indiana, Ohio and Illinois. The pipeline shipped approximately 304 thousand bpd in 2001.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-19 West Texas Gulf Pipe Line

Ranger,, Texas, United States

West Texas Gulf Pipe Line Company owns and operates 580-mile long crude oil pipeline from Colorado City, Texas to Longview, Texas.

Buy -

Seller(S) 1

SELLER

Union Oil Company of California

San Ramon, California, United States
Category Company
Founded 1890
Sector Oil/Gas Exploration
DESCRIPTION

Union Oil Company of California, Inc. engages in the explores, produces, transports, and markets crude oil and natural gas.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 3 of 3
Type (Stake Purchase) 3 of 3
State (Montana) 1 of 1
Country (United States) 3 of 3
Year (2002) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-31 Wolverine Pipe Line

Portage,, Michigan, United States

Wolverine consists of 618 miles of petroleum products pipeline and related facilities in Michigan, Indiana, Ohio and Illinois. The pipeline shipped approximately 304 thousand bpd in 2001.

Sell -
Mergr

Product

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