M&A Deal Summary

Tallgrass Energy Partners Acquires Whiting Oil & Gas - Redtail Water Business

On December 16, 2015, Tallgrass Energy Partners acquired energy services and equipment company Whiting Oil & Gas - Redtail Water Business from Whiting Oil and Gas for 75M USD

Acquisition Highlights
  • This is Tallgrass Energy Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Tallgrass Energy Partners’ 2nd largest (disclosed) transaction.
  • This is Tallgrass Energy Partners’ 2nd transaction in the United States.
  • This is Tallgrass Energy Partners’ 1st transaction in Colorado.

M&A Deal Summary
Date 2015-12-16
Target Whiting Oil & Gas - Redtail Water Business
Sector Energy Services and Equipment
Buyer(s) Tallgrass Energy Partners
Sellers(s) Whiting Oil and Gas
Deal Type Divestiture
Deal Value 75M USD

Target

Whiting Oil & Gas - Redtail Water Business

Weld County, Colorado, United States
Redtail Saltwater Disposal and Fresh Water Transportation and Storage System includes a fresh water delivery and storage system and a produced water gathering and disposal system that together comprise 62 miles of pipeline along with associated fresh water ponds and disposal wells.

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Buyer(S) 1

Buyer

Tallgrass Energy Partners

Overland Park, Kansas, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Tallgrass Energy is a family of companies formed to own, operate, acquire and develop midstream energy assets in North America. The Tallgrass Energy family is comprised of Tallgrass Energy Partners, LP, a master limited partnership, and Tallgrass Development, LP.

DEAL STATS #
Overall 2 of 8
Sector (Energy Services and Equipment) 1 of 6
Type (Divestiture) 1 of 4
State (Colorado) 1 of 2
Country (United States) 2 of 8
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Trailblazer Pipeline

Houston, Texas, United States

Trailblazer Pipeline Co. LLC manages a 436-mile natural gas interstate pipeline that runs from Rockport, Colorado to Beatrice, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Pony Express Pipeline

Lakewood, Colorado, United States

Pony Express Pipeline LLC owns and develops an oil pipeline project which transports domestic light crude found in the Bakken production area

Buy -

Seller(S) 1

SELLER

Whiting Oil and Gas

Denver, Colorado, United States
Category Company
Founded 1923
Sector Oil/Gas Exploration
DESCRIPTION

Whiting Oil and Gas Corp. acquires, exploits, explores, and produces crude oil, natural gas and natural gas liquids. The company was incorporated in 1923 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
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