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New Deal


Announced

Sentinel Midstream Texas and ExxonMobil Pipeline to form Enercoast Midstream.

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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United States

Pending

Majority

Oil Equipment and Services

Friendly

crude oil pipeline

Domestic

Acquisition

Private

Joint Venture

Synopsis

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Sentinel Midstream Texas, a midstream solutions for crude oil provider, and ExxonMobil Pipeline, an oil & energy company, agreed to form Enercoast Midstream, a joint venture. "We are extremely pleased to establish a joint venture with ExxonMobil to maximize the potential of Enercoast. Sentinel looks forward to the opportunity to serve ExxonMobil and other shippers in the Houston market," Jeff Ballard, Sentinel President and CEO.

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