One-Page Deal Sheet
Plains Lets Go of 40% Stake in Red River Pipeline
Valero Energy Partners Lp Plains All American Pipeline, L.P.
Announced Date
January 18,2017
Close Date
January 18,2017
Transaction Type
Asset
Location
Region
Mid-Continent
Country
United States
State
Oklahoma
Transaction Details: Require Private Equity Subscription
Plains All American has completed the sale of an undivided 40% interest in a segment of the Red River Pipeline to a subsidiary of Valero Energy Partners LP for approximately $70 million.
The undivided interest conveyed represents 60,000 barrels per day on the segment of the pipeline extending from Cushing, Oklahoma to Hewitt, Oklahoma near Valero’s refinery in Ardmore, Oklahoma.
PAA retained an undivided 60% interest in the Hewitt Segment and a 100% interest in the remaining portion of the pipeline that extends from Ardmore to Longview, Texas, where it connects with various pipelines…
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| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Apr-01-2020 |
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| Jan-03-2018 |
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