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In late 2016, it was announced that the San Antonio, Texas based refining and logistics company Tesoro, renamed to Andeavor, would purchase Western Refining for an estimated enterprise value of $6.4 Billion. [15] Stockholders from both companies approved the proposed deal on March 24, 2017, pending approval from the Federal Trade Commission. [16]
Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
Nov. 9—MIDLAND — The Permian Strategic Partnership continues expanding its membership with the addition of two distinguished midstream companies, Targa Resources Corp. and Western Midstream ...
It became a publicly traded company via an initial public offering in 1998. [1] Major acquisitions include: [3] 1998 - All American Pipeline System [3] 1999 - Scurlock Oil Company Permian and west Texas pipeline from Chevron Corporation for $35 million [4] 2001 - Midstream operations of Murphy Oil for $155 million [5]
The Permian Basin extends from southeastern New Mexico into West Texas. The Mid-Continent area contains fields in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, Nebraska, and Texas, as well as ...
Outside of the top 10, however, midstream companies have a significant presence, with five companies placing in the top 100, and 11 in the top 150. ... The Texas-based company is a force to be ...
In June 2006, the company acquired Western Gas Resources in a $5.3 billion cash transaction. [13] In August 2006, the company acquired Kerr-McGee for $16 billion in cash. [14] [15] In January 2007, the company sold assets in West Texas for $1 billion. [16] In February 2007, the company sold assets in Oklahoma and Texas for $860 million. [17]
This is the limited partnership midstream arm of one of the country’s top energy companies, which is being purchased by Chevron Corp. (NYSE: CVX) and pays a stellar 7.54% dividend.