On the Record · Andeavor Logistics
Andeavor Logistics acquisitions, on the record
The businesses Andeavor Logistics bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
North Dakota Gathering and Processing AssetsWord for word“On November 21, 2016 , we agreed to acquire crude oil, natural gas and produced water gathering systems and two natural gas processing facilities from Whiting Oil and Gas Corporation, GBK Investments, LLC and WBI Energy Midstream, LLC (“North Dakota Gathering and Processing Assets”) for total consideration of approximately $700 million .” 10-K for 2016 | agreed acquisition | November 21, 2016 | approximately $700 million |
Northern California Terminalling and Storage AssetsWord for word“Effective November 21, 2016 , we acquired certain terminalling and storage assets located in Martinez, California from subsidiaries of Tesoro for a total consideration of $400 million , comprised of $360 million in cash financed with borrowings under our secured dropdown credit facility (the “Dropdown Credit Facility”), and the issuance of equity to Tesoro with a fair value of approximately $40 million .” 10-K for 2016 | acquisition | Effective November 21, 2016 | $400 million |
Alaska Storage and Terminalling AssetsWord for word“Effective July 1, 2016 , we agreed to purchase certain terminalling and storage assets owned by Tesoro for total consideration of $444 million , which was completed in two phases.” 10-K for 2016 | agreed acquisition | Effective July 1, 2016 | $444 million |
Alaska Storage and Terminalling Assets (first phase)Word for word“On July 1, 2016 , we completed the acquisition of the first phase consisting of tankage with a shell capacity of approximately 3.5 million barrels and ancillary facilities used for the operations at Tesoro’s Kenai Refinery.” 10-K for 2016 | acquisition | July 1, 2016 | — |
Alaska Storage and Terminalling Assets (second phase)Word for word“The second phase was completed on September 16, 2016 and consisted of refined product terminals in Anchorage and Fairbanks.” 10-K for 2016 | acquisition | September 16, 2016 | — |
Tesoro Alaska Terminals, LLCWord for word“all of the limited liability company interests in Tesoro Alaska Terminals, LLC, tankage, bulk tank farm, a truck rack and rail-loading facility, terminalling and other storage assets located in Kenai, Anchorage and Fairbanks, Alaska, completed in two stages on July 1, 2016 and September 16, 2016;” 10-K for 2016 | acquisition | completed in two stages on July 1, 2016 and September 16, 2016 | — |
Martinez, California terminalling and storage assetsWord for word“tankage, refined product storage, marine terminal terminalling and storage assets, pipelines, causeway and ancillary equipment located in Martinez, California, effective November 21, 2016;” 10-K for 2016 | acquisition | effective November 21, 2016 | — |
Los Angeles refinery storage tank facility and 50% fee interest in jet fuel pipelineWord for word“a crude oil and refined products storage tank facility located at Tesoro’s Los Angeles refinery and a 50% fee interest in a pipeline that transports jet fuel from Tesoro’s Los Angeles refinery to the Los Angeles International Airport, effective November 12, 2015 ;” 10-K for 2016 | acquisition | effective November 12, 2015 | — |
West Coast Logistics Assets AcquisitionWord for word“truck terminals, storage tanks, rail loading and unloading facilities and a refined products pipeline effective July 1, 2014 , for the terminals, storage tanks and rail facilities and effective September 30, 2014 , for the refined products pipeline (the “West Coast Logistics Assets Acquisition”).” 10-K for 2016 | acquisition | effective July 1, 2014 | — |
Two salt water disposal wells located in North DakotaWord for word“We acquired two salt water disposal wells located in North Dakota on January 1, 2017 .” 10-K for 2016 | acquisition | January 1, 2017 | — |
Western Refining Logistics, LP (WNRL)Word for word“Effective October 30, 2017 , Andeavor Logistics merged with Western Refining Logistics, LP (“WNRL”) by exchanging all outstanding common units of WNRL with units of Andeavor Logistics (the “WNRL Merger”).” 10-K for 2017 | merger | Effective October 30, 2017 | — |
Anacortes Logistics AssetsWord for word“On November 8, 2017 , we completed the Anacortes Logistics Assets acquisition from a subsidiary of Andeavor for total consideration of $445 million .” 10-K for 2017 | acquisition | On November 8, 2017 | total consideration of $445 million |
Wamsutter pipeline system from Plains All American, L.P.Word for word“On February 15, 2018, we announced an agreement to acquire the Wamsutter pipeline system from Plains All American, L.P. consisting of 575 miles of crude oil transportation pipelines that connect into Salt Lake City refineries.” 10-K for 2017 | agreed acquisition | On February 15, 2018 | — |
Logistic assets owned by WNRL, Martinez, California assetsWord for word“• tankage, refined product storage, marine terminal terminalling and storage assets, pipelines, causeway and ancillary equipment located in Martinez, California, effective November 21, 2016 ;” 10-K for 2017 | acquisition | effective November 21, 2016 | — |
Tesoro Alaska Terminals, LLC and Alaska storage and terminal assetsWord for word“• all of the limited liability company interests in Tesoro Alaska Terminals, LLC, tankage, bulk tank farm, a truck rack and rail-loading facility, terminalling and other storage assets located in Kenai, Anchorage and Fairbanks, Alaska, completed in two stages on July 1, 2016 and September 16, 2016; and” 10-K for 2017 | acquisition | completed in two stages on July 1, 2016 and September 16, 2016 | — |
Permian, refining logistics and asphalt assets (2018 Drop Down) from our SponsorWord for word“On August 6, 2018, we completed the 2018 Drop Down for total consideration of $1.55 billion .” 10-K for 2018 | acquisition | On August 6, 2018 | $1.55 billion |
SLC Core Pipeline SystemWord for word“On May 1, 2018, we completed our acquisition of the SLC Core Pipeline System (formerly referred to as the Wamsutter Pipeline System) from Plains All American Pipeline, L.P. for total consideration of $180 million .” 10-K for 2018 | acquisition | On May 1, 2018 | $180 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $332 million |
| 2017-12-31 | $1.23 billion |
| 2018-12-31 | $379 million |
Deal filings since 2016
- 2019-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-08-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-05-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-02-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-01-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-08 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-08-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-12-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-21 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-09-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-09-22 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Andeavor Logistics’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.