M&A Deal Summary

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 Highlights
  • 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.

M&A Deal Summary
Date 2014-10-01
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

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.

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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 15 of 20
Sector (Oil/Gas Exploration) 11 of 14
Type (Divestiture) 11 of 13
State (Texas) 5 of 9
Country (United States) 15 of 19
Year (2014) 1 of 1
Size (of disclosed) 1 of 7
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(S) 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 STATS #
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
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