One-Page Deal Sheet
Noble, Plains Acquire Delaware Basin Pipeline
Noble Midstream Partners LP, Plains All American Pipeline, L.P. Advantage Pipeline, Llc
Announced Date
February 13,2017
Close Date
April 03,2017
Transaction Type
JV
Location
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Pecos ,Ward ,Crane ,Reeves
Play
Transaction Details: Require Private Equity Subscription
Closing Announcement - April 3, 2017
Noble Midstream Partners LP and Plains All American Pipeline announced the completion of the Advantage Pipeline, L.L.C. acquisition for $133 million through a newly formed 50/50 joint venture.
Noble Midstream contributed $66.5 million of cash, funded by available cash on hand and their credit facility, and Plains contributed approximately 1.3 million PAA units and $26.3 million of cash.
Initial Announcement - February 13, 2017Plains All American Pipeline and Noble Midstream Partners have entered into definitive agreements to form a 50/50 joint venture to…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-25-2022 |
-  |
- |
Click here | New Mexico | Midstream |
| Feb-26-2020 |
- |
- |
Click here | Texas | Midstream |
| Dec-20-2019 |
- |
- |
Click here | Texas | Midstream |
| Nov-15-2019 |
- |
- |
Click here | Texas | Midstream |
| Aug-01-2019 |
- |
- |
Click here | New Mexico | Midstream |