Investment Summary

Shell Midstream Invests In Cleopatra Gas Gathering Company

On December 28, 2016, Shell Midstream invested in oil/gas exploration company Cleopatra Gas Gathering Company from BP

Investment Highlights
  • This is Shell Midstream’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Shell Midstream’s 9th transaction in the United States.

Investment Summary

Date 2016-12-28
Target Cleopatra Gas Gathering Company
Sector Oil/Gas Exploration
Investor(s) Shell Midstream
Sellers(s) BP
Deal Type Stake Purchase

Target

Cleopatra Gas Gathering Company

United States
Cleopatra Gas Gathering Company LLC is a 115-mile gas gathering pipeline in Southern Green Canyon, with access to Atwater Valley, Walker Ridge, and Lund areas in the Gulf of Mexico. Cleopatra is currently connected to the Holstein, Atlantis, Neptune, Shenzi and Mad Dog platforms. The system will transport new volumes from the Mad Dog 2 field once it comes online.

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Investor(S) 1

Investor

Shell Midstream

Houston, Texas, United States

Category Company
Founded 2014
Sector Energy Services and Equipment
Revenue 481M USD (2020)
DESCRIPTION

Shell Midstream owns, operates, develops, and acquirer of pipelines and other midstream assets. Shell Midstream Partners’ assets consist of pipelines, crude tank storage and terminal systems that serve as key infrastructure to transport and store onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from Gulf Coast markets to major demand centers. Shell Midstream was founded in 2014 and is based in Houston, Texas.


DEAL STATS #
Overall 10 of 10
Sector: Oil/Gas Exploration M&A 3 of 3
Type: Stake Purchase M&A Deals 8 of 8
Country: United States M&A 9 of 9
Year: 2016 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-28 Endymion Oil Pipeline Company

Houston, Texas, United States

Endymion Oil Pipeline Company LLC is an 89-mile crude oil pipeline with a 425,000 bpd capacity. The pipeline provides access to the Mississippi Canyon area of the Gulf of Mexico. It is connected to LOOP Clovelly storage with access to multiple markets.

Buy -

Seller(S) 1

SELLER

BP

London, United Kingdom

Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees87,800
Revenue 189.2B USD (2024)
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 12 of 16
Sector: Oil/Gas Exploration M&A 8 of 8
Type: Stake Purchase M&A Deals 4 of 7
Country: United States M&A 8 of 10
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-28 Endymion Oil Pipeline Company

Houston, Texas, United States

Endymion Oil Pipeline Company LLC is an 89-mile crude oil pipeline with a 425,000 bpd capacity. The pipeline provides access to the Mississippi Canyon area of the Gulf of Mexico. It is connected to LOOP Clovelly storage with access to multiple markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Clean Energy Fuels - Biomethane Business

Newport Beach, California, United States

Clean Energy Fuels Corp. - Biomethane Business is provider of downstream renewable natural gas products and services in US.

Buy $155M