Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Sun., Sep. 26, 10:15 PM
Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
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Slide #24. NGL Energy Partners LP — Gavilon's Energy Business
Acquirer:
NGL Energy Partners LP (NYSE:NGL)
Acquiree:
Gavilon's Energy Business
Details:
NGL Energy Partners LP (NYSE:NGL) announced today that it has completed the previously-announced acquisition of all of the equity interests of Gavilon, LLC, the diversified midstream energy business owned by funds managed by Ospraie Management, General Atlantic and Soros Fund Management.
NGL Energy Partners transports, treats, recycles and disposes of produced water as well as transports, stores, markets and provides other logistics services for crude oil and liquid hydrocarbons. Co.'s water solutions segment transports, treats, recycles and disposes of produced and flowback water generated from oil and natural gas production. Co.'s crude oil logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. Co.'s liquids logistics segment conducts supply operations for natural gas liquids.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: NGL Stock Forecast Based on Zacks ABR data; powered by Xignite |
