Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Mon., Sep. 20, 10:10 AM
Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
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Slide #41. NGL Energy Partners LP — Pecos Gathering & Marketing, L.L.C.
Acquirer:
NGL Energy Partners LP (NYSE:NGL)
Acquiree:
Pecos Gathering & Marketing, L.L.C.
Details:
NGL Energy Partners LP has completed its previously announced acquisition of the limited liability company membership interests in Pecos Gathering & Marketing, L.L.C. and its affiliated companies. The assets of Pecos consist primarily of crude oil purchasing and logistics operations in the Permian and Eagle Ford areas in Texas and New Mexico, along with related contracts, permits and real and personal property. Pecos purchases, gathers and/or transports 60,000 barrels per day of production and operates approximately 140 trucks.
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 |
