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American Midstream Partners, LP

Company Summary

Recent news

  • 8/6/2019 - Caliber Midstream... (subscriber access)
  • 7/23/2019 - American Midstream... (subscriber access)
  • 7/15/2019 - American Midstream... (subscriber access)
  • 6/6/2019 - American Midstream... (subscriber access)
  • 6/3/2019 - American Midstream... (subscriber access)

Investor Presentations

Company Transactions

Date: 8/6/2019
Type: Acquisition

NOTES:
Caliber Midstream Partners has acquired North Dakota assets from American Midstream Partners, expanding their gathering and transport service in McKenzie County, North Dakota. The deal included a FERC regulated crude oil system spanning 47-miles, with interconnectivity to the High Plains and Energy Transfer DAPL.
REGIONS:
  • Bakken
  • Date: 7/23/2019
    Type: Acquisition

    NOTES:
    American Midstream Partners disclosed that their Board of Directors had received an unsolicited buyout offer from ArcLight Energy Partners Fund V. The offer included an offer to acquire all common units of the company which are not already owned by ArcLight in exchange for $6.10 per common units.
    REGIONS:
  • Permian Basin
  • Eagle Ford
  • East Texas/Louisiana
  • Bakken
  • Gulf Coast
  • Date: 12/31/2018
    Type: Acquisition

    BUYERS:
  • Sunoco LP
  • DETAILS:

    COST: 125 $MM

    VOLUMES: 77.5 M Bbls/d

    NOTES:
    Sunoco LP acquired the refined products terminalling business from American Midstream Partners for $125 million. The refined products terminalling business are comprised of terminals located in Caddo Mills, Texas and North Little Rock, Arkansas with a combined 21 tanks, 1.3 million barrels of storage capacity, and 77,500 barrels per day of total throughput capacity. The transaction is anticipated to close in 4Q18.

    Date: 12/21/2018
    Type: Acquisition

    REGIONS:
  • South Central
  • Date: 8/31/2018
    Type: Acquisition

    NOTES:
    AMID has been given the option to acquire a 25% stake in the Pascagoula Natural Gas Processing Plant, subject to the condition that they modify the High Point Pipeline System to deliver incremental volumes into the Pascagoula Plant.
    REGIONS:
  • Gulf Coast
  • Date: 8/1/2018
    Type: Acquisition

    REGIONS:
  • South Central
  • Gulf Coast
  • Southeast
  • Date: 10/30/2017
    Type: Acquisition

    NOTES:
    Acquisition of a 17% interest in the Destin Pipeline
    REGIONS:
  • Gulf of Mexico
  • Date: 9/29/2017
    Type: Acquisition

    NOTES:
    American Midstream reported that it has closed on the acquisition of another 15.5% equity interest in the Delta House FPSO Facility from ArcLight Capital Partners for $125.4 million. Upon closing, American Midstream owns a 35.7% interest in the facility while ArcLight holds a 23.3% stake.
    REGIONS:
  • Gulf of Mexico
  • Date: 9/5/2017
    Type: Acquisition

    NOTES:
    Through the transaction, the Partnership will divest 100% of its Propane assets, including Pinnacle Propane’s 40 service locations; Pinnacle Propane Express’ cylinder exchange business and related logistic assets; and the Alliant Gas utility system.
    REGIONS:
  • United States
  • Date: 8/8/2017
    Type: Acquisition

    NOTES:
    Through the purchase, AMID will acquire Panther’s 33.3% equity interests in Main Pass Oil Gathering (“MPOG”), as well as Panther’s 40% equity interest in American Panther, LLC (“AmPan”). As such, the Partnership will now own 100% of MPOG and AmPan.
    REGIONS:
  • Gulf Coast
  • Gulf of Mexico
  • Date: 6/2/2017
    Type: Acquisition

    NOTES:
    On June 2, 2017, the Partnership acquired the Viosca Knoll System from Genesis Energy, L.P. for total consideration of approximately $32 million.
    REGIONS:
  • Gulf of Mexico
  • Gulf Coast
  • Date: 3/31/2017
    Type: Merger

    DETAILS:

    COST: 2 $B

    NOTES:
    Under the agreement, American Midstream will buy all of JP Energy's stock at $8.63 per common unit.
    REGIONS:
  • United States
  • Date: 11/1/2016
    Type: Acquisition

    NOTES:
    Acquisition of incremental interest in Delta House, bringing American Midstream's ownership to 20.14%.
    REGIONS:
  • Gulf of Mexico
  • Date: 4/27/2016
    Type: Acquisition

    DETAILS:

    COST: 225 $MM

    VOLUMES: 1 Bcf/d

    NOTES:
    66.7% Interest in the System
    REGIONS:
  • Gulf of Mexico