Texas Eastern Products to acquire ARCO Pipe Line

Texas Eastern Products Co. has agreed to acquire ARCO Pipe Line Co. from ARCO for $355 million.The deal follows immediately on the heels of the proposed $7 billion sale of ARCO's Alaskan operations to Phillips Petroleum Co. (see related story, p. 32).Texas Eastern Products, indirectly wholly owned by Duke Energy, is general partner of TEPPCO Partners LP. TEPPCO conducts business through two operating companies. Its TE Products Pipeline Co. LP is one of the largest common carriers of refined products and LPG in the US. The other entity, TEPPCO Crude Oil LLC, is a crude oil gathering, transportation, storage, and marketing company that operates primarily in Texas and Oklahoma.Included i...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected