Divestiture • Oil/Gas Exploration

Enterprise Products Partners Acquires Oiltanking Partners

On October 1, 2014, Enterprise Products Partners acquired oil/gas exploration company Oiltanking Partners from Oiltanking Holding Americas for 4.4B USD

Acquisition Context
  • This is Enterprise Products Partners’ 11th transaction in the Oil/Gas Exploration sector.
  • This is Enterprise Products Partners’ largest (disclosed) transaction.
  • This is Enterprise Products Partners’ 15th transaction in the United States.
  • This is Enterprise Products Partners’ 5th transaction in Texas.

Explore All 413 Divestiture Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date October 1, 2014
Target Oiltanking Partners
Sector Oil/Gas Exploration
Buyer(s) Enterprise Products Partners
Sellers(s) Oiltanking Holding Americas
Deal Type Divestiture
Deal Value 4.4B USD

Target Company

Oiltanking Partners

Houston,, Texas, United States
Oiltanking Partners owns marine terminals on the Houston Ship Channel and the Port of Beaumont with a total of twelve ship and barge docks and approximately 24 million barrels of crude oil and petroleum products storage capacity on the Texas Gulf Coast.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Enterprise Products Partners

Houston, Texas, United States

Category Company
Founded 1968
Sector Oil/Gas Exploration
Revenue 56.2B USD (2024)
DESCRIPTION

Enterprise Products Partners is 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 Context for Buyer #
Overall 15 of 21
Sector: Oil/Gas Exploration 11 of 15
Type: Divestiture 11 of 14
State: Texas 5 of 10
Country: United States 15 of 20
Year: 2014 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-10 Shell Plaza

Houston, Texas, United States

Shell Plaza, which consists of two buildings, One Shell Plaza and Two Shell Plaza, is a 1.8 million-square-foot office complex located in the heart of Houston’s Central Business District.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-08 EFS Midstream

Irving, Texas, United States

EFS Midstream provides natural gas gathering, treating, compression and condensate processing services in the Eagle Ford Shale. The EFS Midstream system includes approximately 460 miles of natural gas gathering pipelines, 10 central gathering plants, 780 million cubic feet per day of natural gas treating capacity and 119 thousand barrels per day of condensate stabilization capacity.

Buy $2.2B

Seller Profile 1

SELLER

Oiltanking Holding Americas

Houston, Texas, United States

Category Company
Founded 2001
Sector Oil/Gas Exploration
DESCRIPTION

Oiltanking Holding Americas, Inc., through its subsidiaries, provides storage services for petroleum products, chemicals, and gases.


Deal Context for Seller #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1
Size (of disclosed) 1 of 1