FACTBOX: Deals on the Rise in US Oil and Gas Pipeline Sector
(Reuters) — Magellan Midstream Partners' unitholders on Thursday voted in favor of the U.S. pipeline operator's planned sale to larger peer ONEOK for $18.8 billion.
The oil and gas pipeline business has seen increased consolidation this year as U.S. production grows and new pipeline permitting problems have made existing operators more valuable.
Here are the major deals in the U.S. pipeline sector in 2023:
Target |
Acquirer |
Deal type |
Deal value (in USD) |
Blackstone |
Targa Resources |
Asset Acquisition |
$1.05 billion |
Lotus Midstream |
Energy Transfer |
M&A |
$1.45 billion |
Magellan Midstream Partners |
ONEOK |
M&A |
$18.8 billion |
Holly Energy Partners |
HF Sinclair |
M&A |
$1.44 billion |
Crestwood Equity Partners |
Energy Transfer |
M&A |
$7.1 billion |
Meritage Midstream Services II |
Western Midstream Partners |
M&A |
$885 million |
Related News
Related News

- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
Comments