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M&A Deal Summary

GulfMark Energy Acquires EnLink Midstream Partners - Victoria Express Pipeline

On October 22, 2020, GulfMark Energy acquired energy services and equipment company EnLink Midstream Partners - Victoria Express Pipeline from EnLink Midstream Partners

Acquisition Highlights
  • This is GulfMark Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is GulfMark Energy’s 1st transaction in the United States.
  • This is GulfMark Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-10-22
Target EnLink Midstream Partners - Victoria Express Pipeline
Sector Energy Services and Equipment
Buyer(s) GulfMark Energy
Sellers(s) EnLink Midstream Partners
Deal Type Divestiture

Target

EnLink Midstream Partners - Victoria Express Pipeline

Port of Victoria, Texas, United States
EnLink Midstream Partners LP - Victoria Express Pipeline System with truck and storage terminals at both Cuero and the Port of Victoria, Texas, is a crude oil and condensate pipeline system, which connects the heart of the Eagle Ford Basin to the Gulf Coast waterborne market. The VEX Pipeline System includes 56 miles of 12-inch pipeline, which spans DeWitt county to Victoria county, Texas, with 350,000 barrels of above-ground storage, two 8 bay truck offload stations, and access to two docks at the Port of Victoria. The VEX Pipeline System can receive crude oil by pipeline and truck, and has downstream pipeline connections to two terminals today, with potential for additional downstream connection opportunities in the future. The pipeline system has a current capacity of 90,000 barrels per day.

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Buyer(S) 1

Buyer

GulfMark Energy

Houston, Texas, United States
Category Company
Founded 1990
Sector Oil/Gas Exploration
DESCRIPTION

Established in 1990, GulfMark Energy is an oil & energy company that operates along the Texas and Louisiana Gulf coasts and in five states: Texas, Oklahoma, Indiana, Ohio, and Michigan. The company has access to 3,800 diverse properties and sell more than 2.2 million barrels per month to both local and regional refiners. It provides crude oil marketing, crude oil transportation, and related financial services.

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

EnLink Midstream Partners

Dallas, Texas, United States
Category Company
Founded 1992
Sector Energy Services and Equipment
Employees1,432
Revenue 4.5B USD (2015)
DESCRIPTION
EnLink's corporate headquarters in Dallas, Texas.
EnLink's corporate headquarters in Dallas, Texas.

EnLink Midstream Partners LP is a provider of midstream energy services to producers of natural gas, natural gas liquids, crude oil and condensate. EnLink Midstream Partners was formed in 1992 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Tall Oak Midstream

Edmond, Oklahoma, United States

Tall Oak Midstream LLC is an innovative midstream company.

Buy $1.6B
Mergr

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