2010-7

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摘要

Magellan Midstream Partners To Acquire Oil Storage And Pipeline Assets From BP Pipelines: Magellan Midstream Partners is Certainly Strengthening its Position -  Deal Analysis from GlobalData

Summary

Magellan Midstream Partners, L.P. (MMP) is an owner, operator, and acquirer of a diversified portfolio of energy assets, agreed to acquire oil storage and pipeline assets from BP Pipelines Inc., a unit of embattled oil giant BP Plc, for a purchase consideration of $289 million.

The acquisition includes 7.8 million barrels of crude oil storage and more than 100 miles of active petroleum pipelines from BP Pipelines in North America. Along with, 2 million barrels of crude oil storage, the partnership is currently under construction at Cushing. After the transaction, Magellan will be one of the largest owners of crude oil storage in the Cushing crude oil hub.

The acquisition will also provide the company with nearly 40 miles of crude oil pipelines traversing from Houston to Texas City. It varies in size between 24 and 26 inches in diameter. This common carrier pipeline system can be connected to every major refinery within Houston and Texas City.

The acquisition is expected to close within 60 days subject to regulatory approval. On the closing of transaction, the partnership will also acquire certain crude oil tank working inventory at fair market value, which is currently estimated to be approximately $50 million.

Scope

- Rationale behind Magellan Midstream Partners acquiring assets from BP Pipelines
- Strategic Benefits for the companies involved
- Geography covered -US

Reasons to buy

- Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the US oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions

目录

1 Table of Contents
1 Table of Contents 1
1.1 List of Tables 1
1.2 List of Figures 1
2 GlobalData Deal Analysis 2
2.1 Summary 2
2.2 Deal Overview 2
3 Magellan Midstream Partners To Acquire Oil Storage And Pipeline Assets From BP Pipelines 2
3.1 Deal Overview 2
3.2 Deal in Brief 2
3.3 MMP’s and BP Pipeline’s Overview 3
3.4 MMP is Acquiring a Large Part of BP Pipelines 3
3.5 BP is Steadily Assembling Funds to pay for Gulf of Mexico Damages 4
3.6 MMP is Making a Significant Attempt to Gain Pipelines Business in North America 5
3.7 MMP would be earning more profit from the assets purchased from BP 5
3.8 MMP is making significant attempt to gain pipelines business in North America 6
3.9 MMP would be earning more profit from the assets purchased from BP 6
3.10 Deal Financials and Valuations 7
3.10.1 Companies Involved 7
3.10.2 Deal Financials 7
3.10.3 Deal Rationale 7
3.10.4 Detailed Target Information 7
3.10.5 Oil Storage Information 8
3.10.6 Transaction Implied Values 8
3.10.7 Detailed Acquirer Information 8
3.10.8 Detailed Vendor Information 9
4 Appendix 10
4.1 About Energy eTrack 10
4.2 Methodology 10
4.2.1 Coverage 10
4.2.2 Secondary Research 11
4.2.3 Primary Research 11
4.2.4 Expert Panel Validation 11
4.3 Contact Us 12
4.4 Disclaimer 12

1.1 List of Tables
Table 1: Companies Involved 7
Table 2: Financials of the Deal 7
Table 3: Target Information 7
Table 4: Oil Storage Information 8
Table 5: Transaction Implied Values 8
Table 6: Acquirer Information 8
Table 7: Vendor Information 9

1.2 List of Figures
Figure 1: Magellan Midstrean Partners, LP. , Operations Map, 2010 4
Figure 2: Gulf of Mexico Map, 2010 5
Figure 3: BP Pipeline., Operations Map, 2010 6
Figure 4: GlobalData Methodology 10