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Hartree Partners LP

Company Summary

Description

Hartree Partners, LP® is a global merchant commodities firm specializing in energy and its associated industries. We focus on identifying value in the production, refinement, transportation and consumption of tradable commodities and anticipating opportunities in the supply chain where they may be under or over-valued. Founded originally as Hess Energy Trading Company LLC (HETCO) in 1997, Hartree has a global reach spanning 10 offices and approximately 85 traders and originators. The company’s rigorous research, analytical approach, and entrepreneurial culture have contributed to its strong track record and growth over that time. Hartree Partners LP is owned by the company’s Managing Partners, senior staff, and Oaktree Capital.

Website

http://www.hartreepartners.com/about

Operational Regions

  • Gulf Coast
  • East Texas/Louisiana
  • South Central

Related Entities

Recent news

  • 1/2/2024 - Williams Companies... (subscriber access)
  • 4/24/2023 - Delfin Midstream Signs... (subscriber access)
  • 6/8/2021 - Plains All American... (subscriber access)
  • 10/2/2020 - Third Coast Midstream... (subscriber access)
  • 1/28/2019 - Hartree Partners and... (subscriber access)

Company Transactions

Date: 9/30/2021
Type: Acquisition

BUYERS:
  • Hartree Partners LP
    • SELLERS:
  • Plains All American Pipeline
    • ASSETS:
  • Pine Prairie Energy Center
  • Southern Pines Energy Center
    • DETAILS:

    COST: 850 $MM

    VOLUMES: 70 Bcf

    NOTES:
    Plains All American has signed a deal to divest their Pine Prairie and Southern Pines natural gas storage facilities to Hartree for $850 million in cash. The two storage facilities have a combined capacity of 70 Bcf across nine caverns and the deal will close in the third quarter of 2021.
    REGIONS:
  • Gulf Coast
  • South Central

    • Date: 10/2/2020
    Type: Acquisition

    BUYERS:
  • HCS Holdings, LLC
  • Hartree Partners LP
    • SELLERS:
  • Third Coast Midstream
    • ASSETS:
  • AMID Crude Oil Storage
    • DETAILS:

    VOLUMES: 3 MM Bbls

    NOTES:
    Third Coast Midstream has completed the sale of their Cushing, OK, storage business to HCS Holdings (Hartree Partners.) The AMID Crude Oil Storage assets included five tanks with 3 million barrels of capacity.
    REGIONS:
  • Cushing Oil Terminal