ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SXL Sunoco Logistics Partners LP Common Units Representing Limited Partner Interests (delisted)

23.94
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sunoco Logistics Partners LP Common Units Representing Limited Partner Interests (delisted) NYSE:SXL NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.94 0.00 00:00:00

Sunoco Logistics Partners L.P. Announces the Acquisition of Excel Pipeline LLC

10/09/2009 1:54pm

PR Newswire (US)


Sunoco Logistics (NYSE:SXL)
Historical Stock Chart


From Dec 2019 to Dec 2024

Click Here for more Sunoco Logistics Charts.
PHILADELPHIA, Sept. 10 /PRNewswire-FirstCall/ -- Sunoco Logistics Partners L.P. (NYSE:SXL) (the "Partnership") announced today that it has completed the acquisition of Excel Pipeline LLC, the owner of the 52-mile crude oil Excel pipeline, from affiliates of Gary-Williams Energy Corporation. The Excel Pipeline system originates in Duncan, OK and delivers crude oil to Gary-Williams' Wynnewood, OK refinery. The Partnership has operated the pipeline for Gary-Williams since 2007. In connection with the transaction, Gary-Williams has entered into a 20-year Throughput and Deficiency Agreement. The transaction is expected to be immediately accretive. "Our crude oil business investment platform has grown significantly over the last few years," said Debbie Fretz, President and CEO. "The addition of the Excel pipeline will add value to our business and extend our long-term relationship with Gary-Williams." Sunoco Logistics Partners L.P. (NYSE:SXL), headquartered in Philadelphia, is a master limited partnership formed to acquire, own and operate refined product and crude oil pipelines and terminal facilities. The Refined Products Pipeline System consists of approximately 2,200 miles of refined product pipelines located in the Northeastern and Midwestern United States, the recently acquired MagTex Pipeline System, and interests in four refined products pipelines, consisting of a 9.4 percent interest in Explorer Pipeline Company, a 31.5 percent interest in Wolverine Pipe Line Company, a 12.3 percent interest in West Shore Pipe Line Company and a 14.0 percent interest in Yellowstone Pipe Line Company. The Terminal Facilities consist of approximately 10.0 million shell barrels of refined products terminal capacity and approximately 21.2 million shell barrels of crude oil terminal capacity (including approximately 17.8 million shell barrels of capacity at the Texas Gulf Coast Nederland Terminal). The Crude Oil Pipeline System consists of approximately 3,800 miles of crude oil pipelines, located principally in Oklahoma and Texas, a 55.3 percent interest in Mid-Valley Pipeline Company, a 43.8 percent interest in the West Texas Gulf Pipe Line Company and a 37.0 percent interest in the Mesa Pipe Line System. For additional information visit Sunoco Logistics' web site at http://www.sunocologistics.com/. DATASOURCE: Sunoco Logistics Partners L.P. CONTACT: Thomas Golembeski (media), +1-215-977-6298, or Neal Murphy (investors), +1-866-248-4344 Web Site: http://www.sunocologistics.com/

Copyright

1 Year Sunoco Logistics Chart

1 Year Sunoco Logistics Chart

1 Month Sunoco Logistics Chart

1 Month Sunoco Logistics Chart

Your Recent History

Delayed Upgrade Clock