M&A Deal Summary

Enterprise Products Partners Acquires Chevron Midstream Three Intrastate Natural Gas Liquids Pipeline Systems

On December 14, 2009, Enterprise Products Partners acquired oil/gas exploration company Chevron Midstream Three Intrastate Natural Gas Liquids Pipeline Systems from Chevron Midstream Pipelines

Acquisition Highlights
  • This is Enterprise Products Partners’ 6th transaction in the Oil/Gas Exploration sector.
  • This is Enterprise Products Partners’ 9th transaction in the United States.
  • This is Enterprise Products Partners’ 2nd transaction in Louisiana.

M&A Deal Summary
Date 2009-12-14
Target Chevron Midstream Three Intrastate Natural Gas Liquids Pipeline Systems
Sector Oil/Gas Exploration
Buyer(s) Enterprise Products Partners
Sellers(s) Chevron Midstream Pipelines
Deal Type Divestiture

Target

Chevron Midstream Three Intrastate Natural Gas Liquids Pipeline Systems

Henry,, Louisiana, United States
Chevron Midstream Three Intrastate Natural Gas Liquids Pipeline Systems, offer storage and transportation of natural gas liquids (NGL). The asset is located in Henry, Louisiana.

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Buyer(S) 1

Buyer

Enterprise Products Partners

Houston, Texas, United States
Category Company
Founded 1968
Sector Oil/Gas Exploration
Revenue 49.7B USD (2023)
DESCRIPTION

Enterprise Products Partners a major North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Enterprise Products Partners was incorporated in 1968 and is based in Houston, Texas.

DEAL STATS #
Overall 9 of 20
Sector (Oil/Gas Exploration) 6 of 14
Type (Divestiture) 7 of 13
State (Louisiana) 2 of 2
Country (United States) 9 of 19
Year (2009) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Rio Grande Pipeline

Dallas,, Texas, United States

Rio Grande Pipeline Company is a provider of interstate and intrastate liquid petroleum gases (LPG) pipeline transportation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-04 M2 Midstream The State Line System

Texas, United States

M2 Midstream The State Line system will interconnect with the 42-inch Haynesville Extension of Enterprise's Acadian natural gas pipeline system. The State Line system currently gathering approximately 260 MMcfd. The State Line system is supported by long-term acreage dedications and volumetric commitments from producers.

Buy -

Seller(S) 1

SELLER

Chevron Midstream Pipelines

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

Chevron Midstream Pipelines LLC owns and operates natural gas liquids pipeline systems.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
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