Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Sun., Jul. 3, 4:37 PM
Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.
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Slide #100. Plains All American Pipeline, L.P. — a subsidiary of Chesapeake Energy Corporation
Acquirer:
Plains All American Pipeline, L.P. (NASDAQ:PAA)
Acquiree:
a subsidiary of Chesapeake Energy Corporation
Details:
Plains All American Pipeline, L.P. announced that it has acquired certain crude oil and condensate gathering assets located in the Eagle Ford area of South Texas from a subsidiary of Chesapeake Energy Corporation. The purchase price was approximately $125 million.
Plains All American Pipeline is a holding company. Through its subsidiaries, Co. owns and operates midstream energy infrastructure and provides logistics services mainly for crude oil, natural gas liquids (NGL) and natural gas. Co. has three operating segments: Transportation, which provides activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges; Facilities, which provides storage, terminalling and throughput services primarily for crude oil, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services; and Supply and Logistics, which provides merchant-related activities.
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Avg. Broker Rec.
 
|
Buy (3.17 out of 4) 26th percentile
(ranked lower than approx. 74% of all stocks covered)
Analysts' Target Price: PAA Stock Forecast Based on Zacks ABR data; powered by Xignite |
