Final as of November 27, 2017 Most Confidential Shell Midstream Partners, L.P. Agrees to Acquire Additional Assets from ShellShell Midstream Partners, L.P. • November 28th, 2017 • Pipe lines (no natural gas)
HOUSTON, November 28, 2017 – Shell Midstream Partners, L.P. (NYSE: SHLX) entered into a purchase and sale agreement to acquire from wholly owned subsidiaries of Shell a 100% interest in five products terminals and partial interest in two Gulf of Mexico corridor pipelines and in two strategic onshore pipelines for $825 million.
PURCHASE AND SALE AGREEMENT dated as of November 22, 2017, by and among SHELL PIPELINE COMPANY LP, EQUILON ENTERPRISES LLC D/B/A SHELL OIL PRODUCTS US, SHELL MIDSTREAM PARTNERS, L.P. AND SHELL MIDSTREAM OPERATING LLCPurchase and Sale Agreement • November 28th, 2017 • Shell Midstream Partners, L.P. • Pipe lines (no natural gas) • Texas
This Purchase and Sale Agreement (this “Agreement”) is made as of November 22, 2017, by and among Shell Pipeline Company LP, a Delaware limited partnership (“SPLC”), Equilon Enterprises LLC d/b/a Shell Oil Products US, a Delaware limited liability company (“SOPUS”), Shell Midstream Partners, L.P., a Delaware limited partnership (“SHLX”), and Shell Midstream Operating LLC, a Delaware limited liability company that is wholly owned by SHLX (“Operating”).
