M&A Deal Summary

Enterprise Products Partners Acquires Dixie Pipeline

On October 9, 2000, Enterprise Products Partners acquired energy services and equipment company Dixie Pipeline from ConocoPhillips

Acquisition Highlights
  • This is Enterprise Products Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Enterprise Products Partners’ 4th transaction in the United States.
  • This is Enterprise Products Partners’ 1st transaction in Georgia.

M&A Deal Summary

Date 2000-10-09
Target Dixie Pipeline
Sector Energy Services and Equipment
Buyer(s) Enterprise Products Partners
Sellers(s) ConocoPhillips
Deal Type Divestiture

Target

Dixie Pipeline

Roswell, Georgia, United States
Dixie Pipeline Company owns Dixie Pipeline, which is a major propane pipeline that transports propane from natural gas liquid (NGL) fractionators and refineries in Texas, Louisiana and Mississippi, to customers throughout the southeastern United States. The pipeline extends approximately 1,100 miles from Mont Belvieu, Texas, to near Raleigh, N.C. The pipeline includes a 204-mile lateral into Georgia.

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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 4 of 20
Sector (Energy Services and Equipment) 2 of 3
Type (Divestiture) 3 of 13
State (Georgia) 1 of 1
Country (United States) 4 of 19
Year (2000) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-25 Acadian Gas Pipeline System

Thibodaux, Louisiana, United States

Acadian's assets are comprised of the Acadian, Cypress and Evangeline natural gas pipeline systems, which together include over 1,000 miles of pipeline and have over one billion cubic feet ("Bcf") per day of capacity. The system includes a leased natural gas storage facility at Napoleonville, La. with 3.4 Bcf of capacity.

Buy $226M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-27 The EPIK NGL

United States

The EPIK NGL export terminal serves world-scale NGL tankers through its deepwater berth on the Houston Ship Channel. The terminal has the capacity to load refrigerated propane and butane at rates of up to 5,000 barrels per hour, which are the highest loading rates for any NGL export terminal in the United States.

Buy -

Seller(S) 1

SELLER

ConocoPhillips

Houston, Texas, United States

Category Company
Founded 1917
Sector Oil/Gas Exploration
Employees9,500
Revenue 56.1B USD (2023)
DESCRIPTION
Entrance to ConocoPhillips' corporate campus in Houston, Texas.
Entrance to ConocoPhillips' corporate campus in Houston, Texas.

ConocoPhillips is an integrated energy company with operations and activities across the world. The Company's key focus areas include operating producing assets, executing major developments and exploring for new resources in promising areas. ConocoPhillips' portfolio includes resource-rich North American shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a growing inventory of global conventional and unconventional exploration prospects. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 10
Sector (Energy Services and Equipment) 1 of 3
Type (Divestiture) 1 of 9
State (Georgia) 1 of 1
Country (United States) 1 of 9
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-01 Chevron Phillips Chemical Co

The Woodlands, Texas, United States

Chevron Phillips Chemical Co LLC is a producer of olefins and polyolefins and a supplier of aromatics, alpha olefins, styrenics, specialty chemicals, piping, and proprietary plastics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-17 Tosco

Stamford, Connecticut, United States

Tosco is an independent US based petroleum refining and marketing corporation based in Stamford, Connecticut.

Buy $7.4B