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Shell Midstream Partners, L.P.

Company Summary

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  • 3/1/2020 - Shell Midstream Partners... (subscriber access)
  • 2/21/2020 - Shell Signs Agreements... (subscriber access)
  • 2/21/2020 - Shell Midstream Making... (subscriber access)
  • 11/4/2019 - Shell Midstream Aiming... (subscriber access)
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Investor Presentations

Company Transactions

Date: 5/15/2020
Type: Acquisition

NOTES:
Shell Midstream Partners has acquired additional interest in pipeline assets from Royal Dutch Shell, including a 79% interest in the Mattox Pipeline and logistical assets at the Norco Manufacturing Complex. Shell Midstream & Royal Dutch Shell will also be eliminating incentive distribution rights and economic general interest in Shell Midstream. In exchange for the assets, Shell will receive 160 million new common units in the midstream firm and $1.2 billion in Series A convertible preferred units. Closing is expected in the second quarter of 2020.
REGIONS:
  • Gulf of Mexico
  • Gulf Coast
  • Date: 6/30/2019
    Type: Acquisition

    NOTES:
    Shell Midstream Partners acquired Shell's 25.97% equity interest in Explorer Pipeline Company and 10.125% equity interest in Colonial Pipeline Company in a deal valued at $800 million

    Date: 5/11/2018
    Type: Acquisition

    NOTES:
    Shell Midstream announced that they will be purchasing Shell's stake in the Amberjack Pipeline Company for $1.22 billion, which includes 75% of Series A and 50% of Series B holdings.
    REGIONS:
  • Gulf of Mexico
  • Date: 12/31/2017
    Type: Acquisition

    NOTES:
    This included Triton West LLC, the owner of five refined product terminals, 41.48% of LOCAP LLC, 22.9% of Mars Oil Pipeline Company, another 22% in Odyssey Pipeline and a 10% stake in Explorer Pipeline Company.
    REGIONS:
  • United States
  • Date: 10/15/2017
    Type: Acquisition

    NOTES:
    On August 1, Shell Midstream Partners exercised the option to purchase 50% equity interest in a Permian gas gathering system for approximately $47.0 million.
    REGIONS:
  • Permian Basin
  • Date: 5/10/2017
    Type: Acquisition

    REGIONS:
  • Gulf Coast
  • Gulf of Mexico
  • Date: 12/28/2016
    Type: Acquisition

    NOTES:
    Shell Midstream has closed on the acquisition of a stake in three Gulf of Mexico Pipelines from BP. The deal includes a 10% stake in the Proteus Oil Pipeline Company, a 10% stake in the Endymion Oil Pipeline Company and a 1% stake in the Cleopatra Gas Gathering Company.
    REGIONS:
  • Gulf of Mexico
  • Date: 9/28/2016
    Type: Acquisition

    NOTES:
    Shell Midstream Partners acquired an additional 20 percent equity interest in Mars Oil Pipeline Company and 49 percent interest in Odyssey Pipeline LLC from Shell for total purchase price of $350 million.
    REGIONS:
  • Gulf of Mexico
  • Delaware Basin