Equilon to acquire ownership interests of Chase Transportation and Terminal

Jul 11, 2000 02:00 AM

Equilon Enterprises and Koch Industries and its affiliates announced they are completing an agreement that will give Equilon 100 % ownership of the Chase pipeline and terminal systems. Equilon is acquiring Koch's affiliates' 50 % ownership interests in both Chase Transportation and Chase Terminal.
Chase owns approximately 600 miles of products pipelines with a combined capacity of approximately 60,000 bpd. The pipelines originate in El Dorado, Kansas, and connect with Great Bend and Scott City, Kansas; Aurora, Colorado, and Denver International Airport. Chase also has a 150-mile crude oil pipeline from Scott City to Hudson, Kansas.
Product storage terminals with a combined capacity of nearly 1.25 mm barrels are located in El Dorado, Great Bend, Scott City and Aurora. "This acquisition fits our strategy of pursuing growth opportunities through product pipelines and terminal facilities," said Dan Nerbonne, Equilon's commercial general manager for Transportation.

Houston-based Equilon Enterprises is a joint venture of Shell's and Texaco's western and mid-western US refining and marketing businesses, and their nation-wide transportation and lubricants businesses.

Source: Equilon Enterprises LLC via Newspage
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