One-Page Deal Sheet
Shell Midstream Picks Up Equity Interest in Explorer Pipeline Co.
Shell Midstream Partners Lp Explorer Pipeline Company
Announced Date
July 25,2016
Transaction Type
Working Interest
Location
Region
United States
Country
United States
Transaction Details: Subscribe to see
Shell Midstream Partners, L.P. has agreed to acquire a 2.62% equity interest in Explorer Pipeline Company.
The acquisition will be made in connection with Shell Pipeline Company LP’s right, as a current shareholder of Explorer, to acquire a portion of an equity interest divested by another shareholder of Explorer. Shell Pipeline Company LP separately owns and will retain a 35.97% equity interest in Explorer. This acquisition introduces a new refined products line to Shell Midstream Partners’ portfolio.
“Shell Midstream Partners is pleased to bring the Explorer Pipeline into our…
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