Stake Purchase • Oil/Gas Exploration

Energy Transfer Invests In Yellowstone Pipe Line Co.

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

Investment Context
  • 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.

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Investment Summary

Date October 31, 2002
Target Yellowstone Pipe Line Co.
Sector Oil/Gas Exploration
Investor(s) Energy Transfer
Sellers(s) Union Oil Company of California
Deal Type Stake Purchase

Target Company

Yellowstone Pipe Line Co.

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 Overview 1

Investor

Energy Transfer

Dallas, Texas, United States

Category Company
Founded 1996
Sector Energy Services and Equipment
Employees16,248
Revenue 82.7B USD (2024)
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 Context for Investor #
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 Co.

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 Co.

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 Profile 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 Context for Seller #
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 Co.

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 -