One-Page Deal Sheet
Buckeye Seals Deal for Hess' East Coast Midstream Assets
Buckeye Partners Lp Hess Corp
Announced Date
October 09,2013
Close Date
December 11,2013
Transaction Type
Asset
Transaction Details: Subscribe to see
Closing Announcement - December 11, 2013
Buckeye Partners L.P. has completed its purchase of 20 liquid petroleum products terminals with total storage capacity of approximately 39 million barrels for $850 million from Hess Corporation.
The 19 domestic terminals are located primarily in major metropolitan locations along the U.S. East Coast and have approximately 29 million barrels of refined petroleum products storage capacity, including approximately 15 million barrels of capacity strategically located in New York Harbor. The terminal on St. Lucia in the Caribbean has approximately 10…