A Rocky Mountain crude supply and marketing business from Enterprise Crude Oil LLC was acquired by Mercuria Energy Trading Inc., an independent, integrated energy and commodities group, Mercuria said Feb. 17.
Mercuria acquired a marketing team and assets in Wyoming, North Dakota, Colorado and Montana, and now has more than 150 counterparties. Mercuria handles lease-first purchasing, storage and transportation assets and refinery supply activities.
Mercuria will keep Enterprise's strong ties with local producers to ensure volume flow and superior access to competitive markets.
The marketing business further builds upon Mercuria's in-house activities. Mercuria’s turnover is more than $100 billion.
Enterprise Crude Oil LLC is an affiliate of Enterprise Products Partners LP.
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