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New Deal


Announced

Completed

ExxonMobil, Plains All American and Lotus Midstream formed Wink to Webster Pipeline.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Joint Venture

Single Bidder

Friendly

Private

crude oil pipeline

Majority

United States

Pipelines

Completed

Private Equity

Synopsis

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ExxonMobil, Plains All American, EnCap Flatrock Midstream and Lotus Midstream formed a joint venture, Wink to Webster Pipeline. The Wink to Webster Pipeline will provide safe, reliable and cost-effective transport for ExxonMobil and other Permian producers to market destinations in Texas. Financial terms were not disclosed. Plains will lead project construction on behalf of the JV and has already initiated pre-construction activities. The JV anticipates the project will generate more than 3.1k construction jobs. Priority will be placed on utilizing existing pipeline corridors and advanced construction techniques to help limit community and environmental impacts.

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