oil & gas assets
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MI - ET to add SemGroup and its Houston crude terminal for $5B - September 2019

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Energy Transfer agreed to acquire SemGroup Corp. in a stock-and-cash transaction valued at $4.98 billion, a boon for ET’s crude and NGL transportation businesses. The most prized asset: the Houston Fuel Oil Terminal, a crude export facility on the Houston Ship Channel with 18.2 MMbo of storage capacity, five deepwater ship docks and seven barge docks. The deal also expands ET’s gathering and transport network into Colorado’s DJ Basin and Alberta while expanding its......
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