Koch Capital Investments Co. LLC, Wichita, Kan., has bought the Houston-based Marathon Oil Corp.'s 2.8% interest in the Atlanta-based Colonial Pipeline Co. for undisclosed terms.
By OGJ editors HOUSTON, Sept. 15 -- Koch Capital Investments Co. LLC, Wichita, Kan., has bought the Houston-based Marathon Oil Corp.'s 2.8% interest in the Atlanta-based Colonial Pipeline Co. for undisclosed terms.
The acquisition brings Koch Capital Investments' share in Colonial Pipeline to 28.1%. Koch Capital bought 18% interest in Colonial in 2002, making it the largest shareholder in the refined products pipeline company.
Colonial delivers a daily average of 95 million gallons of gasoline, diesel fuel, home heating oil, aviation, and military fuels through its 5,519-mile pipeline system across the eastern US.
Koch Capital Investments is a wholly owned subsidiary of the privately held Koch Industries Inc.
