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.
Recommended Reading
Archrock Offers $500 Million in Secure Notes for TOPS Deal
2024-08-12 - Archrock is raising debt and selling equity to pay for its $983 million acquisition of Total Operations and Productions Services.
CrownRock Offloads Oxy Shares Two Weeks After Closing $12B Deal
2024-08-15 - Underwriters of the offering agreed to purchase CrownRock’s Occidental stock at $58.15 per share, which will result in approximately $1.719 billion in proceeds before expenses.
Analyst: Is Jerry Jones Making a Run to Take Comstock Private?
2024-09-20 - After buying more than 13.4 million Comstock shares in August, analysts wonder if Dallas Cowboys owner Jerry Jones might split the tackles and run downhill toward a go-private buyout of the Haynesville Shale gas producer.
Delek Logistics Partners Raises $166MM in Offering to Pay Debt
2024-10-11 - Delek Logisitics Partners closed an offering of 4.42 million common units to generate gross proceeds of $166 million.
Matador Offers $750 Million in Senior Notes Following Ameredev Deal
2024-09-20 - Matador Resources will offer $750 million in senior notes following the close of its $1.83 billion Ameredev II acquisition.