Trade Sale • Energy Services and Equipment

Merit Energy Exits Red Butte Pipe Line

On January 12, 2018, invested in energy services and equipment company Red Butte Pipe Line from Merit Energy

Investment Context
  • This is transaction in the Energy Services and Equipment sector.
  • This is transaction in the United States.
  • This is transaction in New York.
Investment Fate
  • Red Butte Pipe Line was sold to a strategic buyer in 2018.

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Investment Summary

Date January 12, 2018
Target Red Butte Pipe Line
Sector Energy Services and Equipment
Sellers(s) Merit Energy
Deal Type Trade Sale

Target Company

Red Butte Pipe Line

Casper, New York, United States
Red Butte Pipe Line LLC is a 530-mile crude oil gathering system with an expansive footprint across the Big Horn and Wind River Basins. Red Butte is anchored by a long-term dedication, and is currently the largest pipeline gathering asset transporting crude oil out of the Big Horn and Wind River Basins to Casper, WY.
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Seller Profile 1

SELLER

Merit Energy

Dallas, Texas, United States

Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 6.7B USD
Size Mega
Type Sector Focused
DESCRIPTION

Merit Energy Company is a private investment firm specializing in direct investments in mature oil and gas assets. Merit Energy acquires, operates and develops producing oil and gas properties in the US, Canada, and the Gulf of Mexico. Merit Energy was formed in 1989 and has offices in Dallas, Texas and Calgary, Canada.


Deal Context for Seller #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Trade Sale 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Plantation Petroleum Holdings IV

Houston, Texas, United States

Plantation Petroleum Holdings IV is an upstream oil and gas company focused in the Permian Basin in West Texas and Southeast New Mexico. Plantation Petroleum Holdings IV was founded in 2007 and is based in Houston, Texas.

Buy $326M