Sunoco Logistics Partners acquiring interest in Wilprise Pipeline Co. and Tri-States Pipeline LLC

By OGJ editors
HOUSTON, Aug. 18 -- Sunoco Logistics Partners LP, Philadelphia, has reached definitive agreements to acquire a 37.35% interest in Wilprise Pipeline Co. LLC and a 16.67% interest in Tri-States NGL Pipeline LLC from Williams Cos. Inc., Tulsa.

Total consideration for the interests in both pipelines is $26.5 million, with an additional $8.3 million payable based on volumes transported through 2006. The transactions are subject to purchase rights held by existing owners. Closing is expected within 90 days.

Tri-States is a 161-mile NGL pipeline with a capacity of 95 million b/d originating near Mobile Bay, Ala., and terminating at Kenner Junction near New Orleans. Tri-States transported 56 million b/d in 2002.

Wilprise, a 33-mile NGL pipeline with a capacity of 60 million b/d originating at Kenner Junction and terminating at Sorrento, La., transported 42 million b/d in 2002.

"These pipelines are well positioned to take advantage of the significant growth in natural gas (production) expected," in the Gulf of Mexico, said Sunoco Logistics Pres. and CEO Deborah M. Fretz.

Sunoco Logistics Partners was formed to acquire, own, and operate Sunoco Inc.'s refined product and crude oil pipelines and terminal facilities.

Related Articles

Williams postpones Geismar ethylene sales

12/31/2014 Williams Partners LP once again has postponed sales of ethylene production from its newly rebuilt Geismar, La., olefins plant amid ongoing efforts ...

Williams Partners, Access Midstream Partners to merge

10/27/2014 Williams Partners LP and Access Midstream Partners LP, both owned by Williams Cos., Tulsa, have agreed to merge. Williams in June purchased the rem...

Williams CEO details regulatory hurdles, growth strategy

10/07/2014 Crude oil and natural gas pipeline systems in the US are growing at a very rapid pace as new infrastructure is introduced in an effort to optimize ...

Williams to buy Access Midstream Partners

06/16/2014 Williams, Tulsa, has agreed to acquire the 50% general partner interest it doesn’t now own in Access Midstream Partners LP, Oklahoma City, along wi...

Williams Partners to buy Canadian assets from Williams for $1.2 billion

02/27/2014 Williams Partners LP, Tulsa, has agreed to acquire Williams Cos. Inc.’s Alberta operations for $1.2 billion. The transaction is expected to close F...

Virginia gas pipeline blast injures five

09/15/2008 A natural gas pipeline exploded in Appomattox County, Virginia, the morning of Sept. 14, leveling one home and injuring five people.

FERC issues draft EIS for Oregon LNG terminal, pipeline

09/03/2008 A proposed LNG project in Coos Bay, Ore., would have limited adverse environmental impacts, the US Federal Energy Regulatory Commission concluded i...

Williams, TransCanada propose gas pipeline

03/19/2008 Williams Cos. and TransCanada are evaluating joint development of Sunstone Pipeline, a major transmission line that would transport natural gas sup...

House Energy subcommittee to examine pipeline safety regulations

03/14/2008 A House Energy and Commerce Committee will review the 2006 pipeline safety act on Mar 12, but the hearing can be expected to go beyond natural gas ...
White Papers

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...
Available Webcasts


Prevention, Detection and Mitigation of pipeline leaks in the modern world

When Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST



On Demand

Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected