One-Page Deal Sheet
Plains Acquires Delaware Basin Gathering System for $1.2B From Concho,Frontier
Plains All American Pipeline, L.P. Concho Resources, Inc., Frontier Midstream Solutions Llc
Announced Date
January 24,2017
Transaction Type
Asset
Location
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Loving ,Winkler ,Culberson
Play
Transaction Details: Require Private Equity Subscription
Plains All American has made a big splash in the permian. The company is acquiring Crude Oil Gathering and transmission systems from Frontier Midstream and Concho Resources for $1.21 Billion.
The ACC gathering system is a newly constructed system located in Lea and Eddy counties, New Mexico that also extends into Loving, Winkler andCulberson counties, Texas. The system is located in the most prolific portions of the Northern Delaware Basin and is supported by acreage dedications covering approximately 315,000 gross acres, the majority of which have 10-year terms, and include a significant…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 |