Buckeye purchase of magellan terminals
WebOur terminal assets facilitate domestic and global flows of crude oil and refined petroleum products, offering our customers connectivity between supply areas and market centers through some of the world’s most important bulk liquid storage and blending hubs. WebJan 24, 2024 · Magellan Midstream Partners, L.P. recently announced an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250 million. The terminals are located in New Haven, Connecticut, Wilmington, Delaware, and Marrero, Louisiana.
Buckeye purchase of magellan terminals
Did you know?
WebAs announced in June 2024, Magellan agreed to sell its independent terminals network comprised of 26 refined petroleum products terminals with approximately 6 million barrels of storage located primarily in the southeastern U.S. to Buckeye for $435 million. WebJun 10, 2024 · TULSA, Okla., June 10, 2024 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an agreement to sell its independent terminals network comprised of 26 refined...
WebMar 31, 2024 · Buckeye, which bought the Wilmington terminal from Magellan in January 2024, argued that attaching hoses to ships to transfer petroleum products from tanker ships, through a pipeline, to its terminals, is not stevedoring. Magellan had also refused to pay the usage fee when it owned the terminal, saying it was not a stevedoring company. WebJun 2, 2024 · The Federal Trade Commission required energy pipeline and storage companies Buckeye Partners, L.P. and Magellan Midstream Partners, L.P. to divest to U.S. Venture, Inc. petroleum terminals in the two states as a condition of Buckeye’s $435 million proposed acquisition of 26 Magellan terminals.
WebJun 9, 2024 · Magellan is headquartered in Tulsa, Oklahoma. In 2024, Magellan's revenues from transportation and terminals were $1.8 billion. III. The Proposed Acquisition Pursuant to an Equity Purchase Agreement dated June 9, 2024, Buckeye will acquire 26 LLP terminals from Magellan for approximately $435 million (the “Acquisition”). WebPursuant to an Equity Purchase Agreement by and between Buckeye and a Magellan affiliate dated June 9, 2024, Buckeye proposes to acquire 26 LPP terminals wholly owned by Magellan (the “Acquisition”) for approximately $435 million.
WebJun 11, 2024 · Magellan Midstream Partners, L.P. MMP recently inked a deal to offload its independent terminals network, which includes 26 refined petroleum product terminals with a total storage capacity...
WebJan 22, 2024 · Magellan Midstream Partners announced an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250 million. The terminals are located in New Haven, Connecticut, Wilmington, Delaware and Marrero, Louisiana. ... Magellan intends to purchase its common units from time-to-time through a variety of methods, including … setting twitter to privateWebJun 13, 2024 · The Federal Trade Commission (FTC) announced a consent agreement requiring divestitures as a condition of Buckeye Partners, L.P.'s (Buckeye's) $435 million acquisition of 26 petroleum terminals from Magellan Midstream Partners, L.P. (Magellan). 1 Petroleum terminals are a component of the supply chain for gasoline, diesel, and jet … the timeswindsor all saints chapelWebFeb 3, 2024 · February 03, 2024 [Global Legal Chronicle] – Morgan Lewis represented Buckeye Partners in the transaction. Buckeye Partners completed the $250 million acquisition of three marine terminals from Magellan Midstream Partners. The three terminals are located in New Haven, Connecticut; Wilmington, Delaware; and Marrero, … setting two monitors on pcWebMar 21, 2024 · As announced in June 2024, Magellan agreed to sell its independent terminals network comprised of 26 refined petroleum products terminals with approximately 6 million barrels of storage located primarily in the southeastern U.S. to Buckeye for $435 million.As previously noted, Magellan intends to use the proceeds … the times wine reviewshttp://www.magellanlp.com/magellannews.aspx?id=76DD7DDD-2B43-4059-AC0D-A884249AB464 setting two different desktop backgroundsWebJun 10, 2024 · TULSA, Okla. — Magellan Midstream Partners LP announced June 10 an agreement to sell its independent terminals network comprised of 26 refined petroleum products terminals with approximately 6 million barrels of storage located primarily in the southeastern U.S. to Buckeye Partners LP for $435 million. the times wine review 2023WebJan 21, 2024 · Magellan Midstream Partners will sell three marine storage terminals to Buckeye Partners for $250 million. The three terminals are located in New Haven, Connecticut, Wilmington, Delaware and Marrero, Louisiana. Michael Mears, chief executive officer, says: ‘Magellan remains focused on capital discipline and managing our … setting type joint compounds