One-Page Deal Sheet
Phillips 66 Partners Acquires 25% Stake in Bakken Pipelines
Phillips 66 Partners LP Phillips 66
Announced Date
September 22,2017
Transaction Type
Asset
Transaction Details: Subscribe to see
Phillips 66 Partners has struck a deal with its parent, Phillips 66, to acquire a 25% stake in the Bakken-focused Dakota Access LLC and Energy Transfer Crude Oil Co. in a transaction valued at $2.4 billion (consideration for the deal is $1.7 billion).
The Partnership plans to fund the acquisition through a combination of debt, proceeds from a private placement of equity units, and PSXP units issued to Phillips 66.
The transaction includes interests in the following assets:
The Bakken Pipeline, which consists of 1,926 combined pipeline miles and 520,000 barrels per day (“BPD”) of crude oil…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Oct-26-2021 |
-  |
- |
Click here | North Dakota | Midstream |
| Mar-22-2021 |
- |
- |
Click here | North Dakota | Midstream |
| Feb-19-2019 |
- |
- |
Click here | North Dakota | Midstream |
| Nov-08-2018 |
- |
- |
Click here | Midstream | |
| Apr-30-2018 |
- |
- |
Click here | Midstream |