Edgewater Midstream LLC (“Edgewater”), a portfolio company of EnCap Flatrock Midstream, announced today that it closed its previously announced acquisition of the Sinco Pipeline system and the Colex East and Colex West Terminals in the Houston refining corridor from certain subsidiaries of Shell USA, Inc. (“Shell”).
Acquisition Details:
- The Sinco Pipeline system includes a series of intrastate refined products pipelines connecting the Deer Park Refinery Complex to the Colex East and Colex West Terminals, along with various other refined products and crude oil terminals along the Houston Ship Channel.
- The Colex East and Colex West Terminals include approximately 3 million barrels of motor fuels storage capacity. The facilities offer a strategic connection at the origin of the Colonial Pipeline, providing a direct conduit into the largest refined products pipeline in the United States. The facilities also offer a connection to the Explorer Pipeline which delivers refined products from the U.S. Gulf Coast to Midwest markets.
- Edgewater is focused on collaborating with key customers and shippers to improve the logistical constraints around the Houston Ship Channel while providing a high level of service and ensuring safe and consistent operations.
Baker Botts L.L.P. acted as legal counsel to Edgewater on the transaction.
