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BRIEF-Tesoro Logistics to buy North Dakota energy assets for $700 million
2016年11月21日 / 晚上9点52分 / 1 年前

BRIEF-Tesoro Logistics to buy North Dakota energy assets for $700 million

Nov 21 (Reuters) - Tesoro Logistics Lp

* Tesoro logistics lp - acquiring north dakota integrated crude oil and natural gas gathering and processing assets for $700 million

* Tesoro logistics lp - acquired terminalling and storage assets in northern california from tesoro corporation for $400 million

* Tesoro logistics lp - both transactions expected to be immediately accretive to unitholders

* Tesoro logistics lp says tesoro to waive $100 million of incentive distribution rights (idrs) over next two years

* Tesoro logistics lp - distribution growth for 2017 expected to be 12% to 15%

* Tesoro logistics -north dakota gathering, processing assets expected to contribute $79 to $89 million of annual net earnings and $100 to $110 million of annual ebitda

* Tesoro logistics lp - northern california terminalling and storage assets are expected to provide annual net earnings of $28 to $33 million

* Tesoro logistics lp says in connection with acquisition, tesoro and tllp entered into long-term, fee-based storage and throughput and use agreements

* Tesoro logistics lp -tllp is on target to achieve its 2017 goal of $635 million of net earnings and $1 billion of annual ebitda

* Reg-Tesoro logistics investing $1.1 billion to strengthen position as a leading integrated midstream services company Source text for Eikon: Further company coverage:

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