SXLs Acquisition of Vitols Midland Basin Crude System September, 2016
Connectivity Wichita Falls Cushing Vitol (Basin) North System Colorado City Houston/Nederland Mesa (PE1) Pipeline Longview, Midland Basin Houston/Nederland Pipeline (WTG) Nederland Permian (PE2) Vitol East Express 2 Vitol…
Strategic Transaction Acquisition Sunoco Logistics entered into an agreement with Vitol, Inc. to purchase an integrated crude oil business in West Texas for approximately 760 million plus working capital which includes: 2 million…
Strategic Rationale Strategic Platform We were evaluating building a Midland terminal to complement our long term Permian strategy We expect this to be a synergistic fit to our growing crude platform in the Permian Enhances the…
Strategic Rationale Commercial Activity 90% of throughput volume supported by acreage dedication or take or pay contracts Currently 170 MBPD volume moving through the combined terminal Significant acreage dedication from an…
Strategic Location in Key Midland Basin Counties Vitol Assets 6
Asset Detail Midland Terminal 2 MMB total capacity (1 MMB at Vitol and 1 MMB at SunVit) 14-lane truck station Connected to Centurion Midland, Enterprise Midland, Permian Express 2 (via SunVit) North System 29 miles of 12 mainline…