Investment Summary

Harvest Midstream Invests In Alyeska Pipeline Service - Trans Alaska Pipeline System

On August 27, 2019, Harvest Midstream invested in energy services and equipment company Alyeska Pipeline Service - Trans Alaska Pipeline System from BP

Investment Highlights
  • This is Harvest Midstream’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Harvest Midstream’s 2nd transaction in the United States.
  • This is Harvest Midstream’s 2nd transaction in Arkansas.

Investment Summary
Date 2019-08-27
Target Alyeska Pipeline Service - Trans Alaska Pipeline System
Sector Energy Services and Equipment
Investor(s) Harvest Midstream
Sellers(s) BP
Deal Type Stake Purchase

Target

Alyeska Pipeline Service - Trans Alaska Pipeline System

Anchorage, Arkansas, United States
Alyeska Pipeline Service Co. - Trans Alaska Pipeline System (TAPS) is one of the world's largest pipeline systems, an engineering icon that was the biggest privately funded construction project. The 800-mile-pipeline system has a capacity of approximately 2 million barrels per day and runs from the Prudhoe Bay oilfield to the Valdez Marine Terminal. To date, the TAPS system has transported over 17 billion barrels of product.

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Investor(S) 1

Investor

Harvest Midstream

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Harvest Midstream Co. is an entrepreneurial, privately-held midstream service provider. Harvest Midstream safely and responsibly transports and processes oil, natural gas and natural gas liquids across the United States. Harvest Midstream Co. has assets in Alaska, Louisiana, New Mexico, Ohio, Pennsylvania, and Texas.

DEAL STATS #
Overall 2 of 4
Sector (Energy Services and Equipment) 2 of 4
Type (Stake Purchase) 2 of 2
State (Arkansas) 2 of 2
Country (United States) 2 of 4
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-27 Alyeska Pipeline Service

Anchorage, Arkansas, United States

Alyeska Pipeline Service Co. design, build, maintain and operate the Trans Alaska Pipeline System. Alyeska Pipeline Service Co. Provide safe, environmentally responsible, reliable and cost-effective oil pipeline transportation from the North Slope of Alaska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-21 Phillips 66 - Belle Chasse Terminal Facility

Belle Chasse, Louisiana, United States

Phillips 66's Belle Chasse Terminal Facility is a crude oil terminal. This facility sits on approximately 3,200 acres, has 1 million barrels of active storage capacity and two crude oil loading docks. Phillips 66's Belle Chasse Terminal Facility is based in Belle Chasse, Louisiana.

Buy -

Seller(S) 1

SELLER

BP

London, United Kingdom
Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees87,800
Revenue 210.1B USD (2023)
DESCRIPTION
BP fuel station in Duluth, Minnesota.
BP fuel station in Duluth, Minnesota.

BP is an integrated oil and gas company with operations in Europe, the US, Canada, Russia, South America, Australasia, Asia and parts of Africa. BP provides customers with fuel for transportation, energy for heat and light, lubricants, and petrochemicals products used to make items as diverse as paints, clothes and packaging. BP was founded in 1908 and is based in London, England.

DEAL STATS #
Overall 15 of 16
Sector (Energy Services and Equipment) 3 of 3
Type (Stake Purchase) 7 of 7
State (Arkansas) 1 of 1
Country (United States) 10 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 New Zealand Oil Services

Wellington, New Zealand

New Zealand Oil Services Ltd. core business is the safe operation, maintenance, and development of our energy storage terminals across New Zealand. The company provides expert terminal services and product management via shipping and truck loadings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 BP - Global Aromatics and Acetyls Business

Switzerland

BP plc - Global Aromatics and Acetyls Business comprise 15 sites across the world (5 in the Americas, 2 in Europe, and 8 in Asia) as well as 10 leading joint ventures. Aromatics provides the building blocks for the global polyester industry, the key to fibers, films, and packaging. Acetyls support a wide range of downstream industries in food flavoring and preservation, pharmaceuticals, paints, adhesives, and packaging.

Sell $5M
Mergr

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