On the Record · Spectra Energy

Spectra Energy acquisitions, on the record

The businesses Spectra Energy 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
Express-Platte Word for word“In March 2013, we acquired Express-Platte for $1.5 billion , consisting of $1.25 billion in cash and $260 million of acquired debt, before working capital adjustments.” 10-K for 2014	acquisition	March 2013	$1.5 billion
Big Sandy Word for word“We have an effective 82% ownership interest in Big Sandy, which was acquired in 2011, through our ownership of SEP.” 10-K for 2014	acquisition	2011	—
Bobcat Word for word“Bobcat, an approximately 26 Bcf salt dome facility acquired in 2010, is strategically located on the Gulf Coast near Henry Hub, interconnecting with five major interstate pipelines, including Texas Eastern.” 10-K for 2014	acquisition	2010	—
Sand Hills and Southern Hills Word for word“In 2012, we acquired direct one-third ownership interests in Sand Hills and Southern Hills.” 10-K for 2014	acquisition	2012	—
DCP Sand Hills Pipeline, LLC (Sand Hills) and DCP Southern Hills Pipeline, LLC (Southern Hills) Word for word“On October 30, 2015, Spectra Energy acquired SEP's 33.3% ownership interests in DCP Sand Hills Pipeline, LLC (Sand Hills) and DCP Southern Hills Pipeline, LLC (Southern Hills).” 10-K for 2015	acquisition	October 30, 2015	—
Express-Platte crude oil pipeline system Word for word“In March 2013 , we acquired 100% of the ownership interests in the Express-Platte crude oil pipeline system for $1.5 billion , consisting of $1.25 billion in cash and $260 million of acquired debt, before working capital adjustments.” 10-K for 2015	acquisition	March 2013	$1.5 billion
Sand Hills and Southern Hills Word for word“We immediately contributed our 33.3% interests in Sand Hills and Southern Hills to DCP Midstream.” 10-K for 2015	divestiture	—	—
Contributed entities under the Contribution Agreement (first of three planned transactions, U.S. Assets Dropdown to SEP) Word for word“Consideration to Spectra Energy for the 2013 closing included $2.3 billion in cash, assumption by SEP (indirectly by acquisition of the contributed entities) of approximately $2.4 billion of third-party indebtedness of the contributed entities, 167.6 million newly issued SEP limited partner units and 3.4 million newly issued general partner units.” 10-K for 2015	divestiture	2013	$2.3 billion in cash
Empress NGL operations (Empress) Word for word“Consideration received by Westcoast in this transaction was approximately $204 million in cash, including approximately $51 million for inventory and working capital.” 10-K for 2016	divestiture	—	approximately $204 million in cash
SEP’s 33.3% ownership interests in Sand Hills and Southern Hills Word for word“In October 2015, Spectra Energy acquired SEP’s 33.3% ownership interests in Sand Hills and Southern Hills.” 10-K for 2016	acquisition	October 2015	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash received from selling businesses
2016-12-31	$207 million

Deal filings since 2016

2017-02-27 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-01-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-10-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Spectra Energy’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-24. 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.