M&A Deal Summary

ONEOK Partners Acquires Mesquite Pipeline

On October 27, 2014, ONEOK Partners acquired oil/gas exploration company Mesquite Pipeline from Chevron for 800M USD

Acquisition Highlights
  • This is ONEOK Partners’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is ONEOK Partners’ largest (disclosed) transaction.
  • This is ONEOK Partners’ 2nd transaction in the United States.
  • This is ONEOK Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-10-27
Target Mesquite Pipeline
Sector Oil/Gas Exploration
Buyer(s) ONEOK Partners
Sellers(s) Chevron
Deal Type Divestiture
Deal Value 800M USD

Target

Mesquite Pipeline

Texas, United States
Mesquite Pipeline Company owns and operates natural gas liquids pipelines.

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Buyer(S) 1

Buyer

ONEOK Partners

Tulsa, Oklahoma, United States
Category Company
Founded 1993
Sector Energy Services and Equipment
Revenue 7.8B USD (2015)
DESCRIPTION

ONEOK Partners, L.P. is a publicly traded limited partnerships in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting much of the natural gas and NGL supply in the Mid-Continent with key market centers.

DEAL STATS #
Overall 2 of 3
Sector (Oil/Gas Exploration) 2 of 3
Type (Divestiture) 2 of 2
State (Texas) 1 of 2
Country (United States) 2 of 3
Year (2014) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 NGL Pipeline & Refined Products

United States

NGL pipeline system spans more than 1,600 miles and has a capacity to transport up to 125,000 barrels per day, with additional capacity under lease. The pipeline transports NGL purity products and various refined products, including unleaded gasoline and diesel fuel. More than 90 percent of the revenues associated with this system are fee based, primarily generated from transportation tariffs.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 West Texas LPG Pipeline

Bellaire, Texas, United States

West Texas LPG Pipeline Limited Partnership transports natural gas liquids through pipelines.

Buy -

Seller(S) 1

SELLER

Chevron

San Ramon, California, United States
Category Company
Founded 1879
Sector Oil/Gas Exploration
Employees45,600
Revenue 196.9B USD (2023)
DESCRIPTION
Chevron office in downtown Houston, Texas.
Chevron office in downtown Houston, Texas.

Chevron is a fully integrated energy company. Its business includes petroleum operations, chemicals, mining operations, power generation and energy services. Chevron's exploration and production operations consists of exploration, development and production of crude oil and natural gas. Chevron was incorporated in 1879 and is based in San Ramon, California.

DEAL STATS #
Overall 7 of 14
Sector (Oil/Gas Exploration) 6 of 10
Type (Divestiture) 7 of 13
State (Texas) 2 of 3
Country (United States) 5 of 12
Year (2014) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Chevron - Fuels Marketing & Aviation Businesses

Dominican Republic

Chevron Fuels Marketing & Aviation Businesses, which include 174 service stations, refinery fuel terminal and aviation facility and a commercial and industrial fuels business. The assets are located in Jamaica, Dominica Republic, and St. Maarten.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 West Texas LPG Pipeline

Bellaire, Texas, United States

West Texas LPG Pipeline Limited Partnership transports natural gas liquids through pipelines.

Sell -
Mergr

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