One-Page Deal Sheet
Wolf Midstream Buys Stake in Access Pipeline, Stonefell Terminal for $1.61B
Wolf Midstream Inc. MEG Energy
Announced Date
February 08,2018
Close Date
March 22,2018
Transaction Type
Asset
Location
Region
Williston Basin
Country
United States
State
North Dakota
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MEG Energy has agreed to sell its 50% stake in the Access Pipeline and its 100% stake in the Stonefell Terminal to Wolf Midstream for $1.61 billion.
Wolf Midstream is backed by Canada Pension Plan Investment Board (CPPIB).
The pipeline and terminal service the Bakken play in North Dakota.
The Transaction comprises the sale of Access Pipeline for total consideration of $1.4 billion, and the sale of Stonefell for $210 million. MEG will receive $1.52 billion in cash at closing, and a credit of $90 million toward future expansions of Access Pipeline whereby MEG will not pay incremental tolls to…
| Announced Date | Buyer | Seller | Deal Value($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 |