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Easton Energy

Company Summary

Description

Easton Energy is a Houston based midstream company focused on providing transportation, storage, and processing options for natural gas liquids (NGL), refined products, and petrochemicals. Easton’s initial offering will be the development of salt cavern storage for liquid hydrocarbons at Markham, TX and product distribution pipelines connecting key storage hubs along the Texas Gulf Coast.

Website

https://www.easton.energy/

Related Entities

Recent news

  • 11/12/2020 - Easton Energy Acquires... (subscriber access)
  • 6/24/2020 - Easton Energy Planning... (subscriber access)
  • 12/6/2018 - Williams Completes Sale... (subscriber access)

Company Transactions

Date: 2/15/2021
Type: Acquisition

BUYERS:
  • Easton Energy
    • SELLERS:
  • ExxonMobil Corporation
    • ASSETS:
  • South Texas PetChem Pipeline System
    • DETAILS:
    NOTES:
    Easton Energy has acquired Exxon's South Texas Pipeline System for an undisclosed amount. The asset includes 720-miles of pipeline that run from Exxon's Clear Lake & Katy Gas Plants to Energy Transfers King Ranch Gas Plant and Corpus Christi. The line can flow oil and NGL's, but mostly it ships refinery grade propylene,
    REGIONS:
  • Gulf Coast

    • Date: 11/30/2018
    Type: Acquisition

    BUYERS:
  • Easton Energy
    • SELLERS:
  • Williams Companies, Inc.
    • ASSETS:
  • Texas Belle Pipeline
  • Live Oak Pipeline System
  • Purity Pipeline System
    • DETAILS:

    COST: 177 $MM

    NOTES:
    Williams reported the sale of certain pipeline systems located in the Gulf Coast area to Easton Energy LLC for $177 million, closing on November 30, 2018. The transaction includes the 31-mile Texas Belle Pipeline, the Purity Pipeline System, certain assets in the Live Oak Pipeline System, and additional idle pipelines located along the Gulf Coast.
    REGIONS:
  • Gulf Coast