M&A Deal Summary |
|
|---|---|
| Date | 2015-01-22 |
| Target | Brazoria Interconnector Gas Pipeline |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Spectra Energy |
| Sellers(s) | ConocoPhillips |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Energy Services and Equipment |
| Employees | 6,000 |
| Revenue | 5.2B USD (2015) |
Spectra Energy Corp. is a pipeline and midstream gas company. Spectra Energy’s operations in the United States and Canada include more than 22,000 miles of natural gas, natural gas liquids, and crude oil pipelines; approximately 305 billion cubic feet (Bcf) of natural gas storage; 4.8 million barrels of crude oil storage; as well as natural gas gathering, processing, and local distribution operations. Spectra Energy was formed in 2006 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Oil/Gas Exploration M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: Texas M&A | 3 of 3 |
| Country: United States M&A | 3 of 3 |
| Year: 2015 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-03-14 |
Express-Platte Pipeline System
Texas, United States The Express-Platte Pipeline System, which begins in Hardisty, Alberta, and terminates in Wood River, Illinois, includes the Express and Platte crude oil pipelines. The Express pipeline carries crude oil to refining markets in the Rocky Mountain states. The pipeline’s capacity is 280,000 barrels a day. The Platte pipeline, which interconnects with the Express pipeline in Casper, Wyoming, transports crude oil predominantly from the Bakken and Western Canada to refiners in the Midwest. Platte’s capacity ranges from 164,000 barrels a day in Wyoming to 145,000 barrels a day in Illinois. |
Buy | $1.5B |
| Category | Company |
|---|---|
| Founded | 1917 |
| Sector | Oil/Gas Exploration |
| Employees | 11,800 |
| Revenue | 54.7B USD (2024) |
ConocoPhillips is an integrated energy company with operations and activities across the world. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 11 |
| Sector: Oil/Gas Exploration M&A | 3 of 7 |
| Type: Divestiture M&A Deals | 6 of 10 |
| State: Texas M&A | 3 of 6 |
| Country: United States M&A | 6 of 10 |
| Year: 2015 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-15 |
ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties
United States ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties is a major geological feature in eastern Montana and western North Dakota that extends for approximately 126 miles in a northwest-southeast direction and ranges from two to six miles in width. CCA is a series of producing oil units, each of which could be considered a field by itself. Commercial quantities of oil were first discovered in the South Pine Unit of CCA in the early 1950s. The original oil in place at all CCA fields, including those not owned by Denbury, is estimated at over three billion barrels of oil. |
Sell | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-12 |
ConocoPhillips - Oil-Weighted Producing Property
United States ConocoPhillips' Oil-Weighted Producing Property provides upside from additional pay sands in existing well bores and potential opportunities for future drilling. |
Sell | $20M |
