On the Record · Enbridge Energy Partners
Enbridge Energy Partners acquisitions, on the record
The businesses Enbridge Energy Partners 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 |
|---|---|---|---|
New Gulf Resources, LLC (midstream operations in Leon, Madison and Grimes counties, Texas)Word for word“In February 2015, we acquired from NGR its midstream operations, which consist of a natural gas gathering system, in Leon, Madison and Grimes counties, Texas.” 10-K for 2015 | acquisition | February 2015 | — |
effective 27.6% equity interest in the Bakken Pipeline SystemWord for word“The purchase price of our effective 27.6% interest in the Bakken Pipeline was $1.5 billion.” 10-K for 2016 | acquisition | — | $1.5 billion |
additional 15% interest in the Eastern Access ProjectsWord for word“On January 26, 2017, we exercised our option under the Eastern Access Joint Funding Agreement to acquire an additional 15% interest in the Eastern Access Projects, at its book value of approximately $360 million, which is now in service.” 10-K for 2016 | acquisition | January 26, 2017 | at its book value of approximately $360 million |
trucks, trailers and related facilitiesWord for word“August 2016 MEP disposition of trucks, trailers and related facilities July 2015 MEP disposition of propylene pipeline July 2015 MEP disposition of Tinsley crude oil pipeline, storage facilities and docks February 2015 MEP acquisition of a Texas midstream business” 10-K for 2016 | divestiture | August 2016 | — |
propylene pipelineWord for word“July 2015 MEP disposition of propylene pipeline” 10-K for 2016 | divestiture | July 2015 | — |
Tinsley crude oil pipeline, storage facilities and docksWord for word“July 2015 MEP disposition of Tinsley crude oil pipeline, storage facilities and docks” 10-K for 2016 | divestiture | July 2015 | — |
a Texas midstream businessWord for word“February 2015 MEP acquisition of a Texas midstream business” 10-K for 2016 | acquisition | February 2015 | — |
Midcoast gas gathering and processing businessWord for word“On June 28, 2017, we completed the sale of all of our ownership interest in our Midcoast gas gathering and processing business to our General Partner (the Midcoast Disposition).” 10-K for 2017 | divestiture | June 28, 2017 | — |
Ozark Pipeline systemWord for word“On March 1, 2017, we completed the sale of the Ozark Pipeline system to a subsidiary of MPLX LP for cash proceeds of approximately $220 million.” 10-K for 2017 | divestiture | On March 1, 2017 | approximately $220 million |
effective 27.6% interest in the Bakken Pipeline SystemWord for word“On February 15, 2017, through our joint venture with MPC, we completed the acquisition of an effective 27.6% interest in the Bakken Pipeline System for a purchase price of $1.5 billion, initially funded through the Enbridge (U.S.) Inc. (EUS) Credit Agreement.” 10-K for 2017 | acquisition | February 15, 2017 | $1.5 billion |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $0 |
Deal filings since 2016
- 2018-12-21 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-12-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-09-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-07-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-08-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Enbridge Energy Partners’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-16. 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.