Pacific Energy to acquire Valero terminals
Jul 8, 2005 2:26 PM
Pacific Energy Partners LP, plans to acquire from Valero LP, San Antonio TX, two California terminals, three East Coast refined products terminals, and a 550-mile refined products pipeline with four truck terminals and storage in the Rocky Mountains.
Total purchase price of the assets is $455 million.
The terminals and pipeline system being acquired include:
•West Coast terminals in the San Francisco CA area -- the Martinez Terminal and the Richmond Terminal, which have 4.1 million barrels of combined storage capacity with marine, pipeline and rail access
•East Coast terminals in the Philadelphia PA area -- the North Philadelphia Terminal, the South Philadelphia Terminal, and the Paulsboro NJ Terminal, which have a combined storage capacity of 3.2 million barrels
•West Pipeline System in the Rocky Mountains area -- 550 miles of refined products pipeline extending from Casper WY east to Rapid City SD and south to Colorado Springs CO.
In addition, there are product terminals at Rapid City, Cheyenne WY, Denver CO, and Colorado Springs Co with a combined storage capacity of 1.7 million barrels.
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