Phillips 66 Partners To Acquire Stake In Bakken Pipeline JVs In $2.4 Billion Dropdown
Transaction Type
Sellers
Buyers
Basin
Williston Basin
Announce Date
Post Date
Estimated Price
2.4BB
Description
To purchase in a dropdown acquisition a 25% interest in each Dakota Access and Energy Transfer crude oil pipelines and 100% interest in Merey Sweeny LP fuel-grade coke processing unit; includes about $725 MM in debt. (Expected to close October)