Delek Logistics Partners, LP Announces Closing of Gravity Water Midstream Acquisition
Delek Logistics Partners (NYSE: DKL) has completed its acquisition of Gravity Water Intermediate Holdings for a total consideration of $285 million, comprising $200 million in cash and approximately 2.175 million DKL units. The acquisition strengthens DKL's position in the Permian Basin, particularly in Howard County's Midland Basin.
The Gravity operations include integrated full-cycle water systems in the Permian Basin and produced water gathering and transportation assets in the Bakken. This acquisition, combined with DKL's recent H2O Midstream purchase, enhances the company's ability to provide integrated crude and water services. Following this transaction, DKL will derive more than 70% of its EBITDA from third-party sources.
The acquisition is expected to create synergies through cost and commodity sale optimization, complementing DKL's integrated crude and produced water gathering and disposal services in the Midland Basin.
Delek Logistics Partners (NYSE: DKL) ha completato l'acquisizione di Gravity Water Intermediate Holdings per un importo totale di 285 milioni di dollari, di cui 200 milioni in contanti e circa 2,175 milioni di unit脿 DKL. L'acquisizione rafforza la posizione di DKL nel Permian Basin, in particolare nel Midland Basin della contea di Howard.
Le operazioni di Gravity includono sistemi idrici integrati a ciclo completo nel Permian Basin e asset per la raccolta e il trasporto di acqua prodotta nel Bakken. Questa acquisizione, insieme all'acquisto recente di H2O Midstream da parte di DKL, migliora la capacit脿 dell'azienda di fornire servizi integrati di petrolio e acqua. In seguito a questa transazione, DKL ricaver脿 oltre il 70% del proprio EBITDA da fonti terze.
Si prevede che l'acquisizione generer脿 sinergie attraverso l'ottimizzazione dei costi e della vendita di commodities, completando i servizi integrati di raccolta e smaltimento di petrolio e acqua prodotta di DKL nel Midland Basin.
Delek Logistics Partners (NYSE: DKL) ha completado su adquisici贸n de Gravity Water Intermediate Holdings por un monto total de 285 millones de d贸lares, que incluye 200 millones en efectivo y aproximadamente 2.175 millones de unidades DKL. La adquisici贸n refuerza la posici贸n de DKL en el Permian Basin, particularmente en el Midland Basin del condado de Howard.
Las operaciones de Gravity incluyen sistemas de agua integrados de ciclo completo en el Permian Basin y activos de recolecci贸n y transporte de agua producida en el Bakken. Esta adquisici贸n, junto con la reciente compra de H2O Midstream por parte de DKL, mejora la capacidad de la compa帽铆a para ofrecer servicios integrados de crudo y agua. Tras esta transacci贸n, DKL obtendr谩 m谩s del 70% de su EBITDA de fuentes externas.
Se espera que la adquisici贸n genere sinergias a trav茅s de la optimizaci贸n de costos y ventas de productos b谩sicos, complementando los servicios integrados de recolecci贸n y eliminaci贸n de crudo y agua producida de DKL en el Midland Basin.
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Gravity鞚� 鞖挫榿鞚� Permian Basin鞐愳劀鞚� 韱淀暕霅� 鞝勳＜旮� 氍� 鞁滌姢韰滉臣 Bakken鞐愳劀 靸濎偘霅� 氍检潣 靾橃 氚� 鞖挫啞 鞛愳偘鞚� 韽暔頃╇媹雼�. 鞚� 鞚胳垬電� DKL鞚� 斓滉芳 H2O Midstream 甑Г鞕� 瓴绊暕霅橃柎 須岇偓臧赌 韱淀暕霅� 鞗愳湢 氚� 氍� 靹滊箘鞀るゼ 鞝滉车頃橂姅 電ル牓鞚� 頄レ儊鞁滍偟雼堧嫟. 鞚� 瓯半灅 鞚错泟 DKL鞚� EBITDA鞚� 70% 鞚挫儊鞚� 鞝�3鞛� 於滌矘搿滊秬韯� 鞏魂矊 霅� 瓴冹瀰雼堧嫟.
鞚措矆 鞚胳垬電� 牍勳毄 斓滌爜頇� 氚� 靸來拡 韺愲Г 斓滌爜頇旊ゼ 韱淀暣 鞁滊剤歆�毳� 彀届稖頃� 瓴冹溂搿� 鞓堨儊霅橂┌, 氙鸽摐霝滊摐 攵勳鞐愳劀 DKL鞚� 韱淀暕 鞗愳湢 氚� 靸濎偘霅� 氍� 靾橃 氚� 觳橂Μ 靹滊箘鞀れ檧 氤挫檮鞝侅澑 鞐暊鞚� 頃╇媹雼�.
Delek Logistics Partners (NYSE: DKL) a finalis茅 son acquisition de Gravity Water Intermediate Holdings pour un montant total de 285 millions de dollars, comprenant 200 millions en esp猫ces et environ 2,175 millions d'unit茅s DKL. Cette acquisition renforce la position de DKL dans le Permian Basin, en particulier dans le Midland Basin du comt茅 de Howard.
Les op茅rations de Gravity comprennent des syst猫mes d'eau int茅gr茅s en cycle complet dans le Permian Basin et des actifs de collecte et de transport d'eau produite dans le Bakken. Cette acquisition, combin茅e avec l'achat r茅cent de H2O Midstream par DKL, am茅liore la capacit茅 de l'entreprise 脿 fournir des services int茅gr茅s de brut et d'eau. Suite 脿 cette transaction, DKL tirera plus de 70 % de son EBITDA de sources tierces.
On s'attend 脿 ce que l'acquisition cr茅e des synergies gr芒ce 脿 l'optimisation des co没ts et des ventes de produits de base, compl茅tant les services int茅gr茅s de collecte et d'茅limination de brut et d'eau produite de DKL dans le Midland Basin.
Delek Logistics Partners (NYSE: DKL) hat die 脺bernahme von Gravity Water Intermediate Holdings f眉r eine Gesamtsumme von 285 Millionen US-Dollar abgeschlossen, die 200 Millionen US-Dollar in bar und etwa 2,175 Millionen DKL-Einheiten umfasst. Diese 脺bernahme st盲rkt DKLs Position im Permian Basin, insbesondere im Midland Basin des Howard County.
Die Aktivit盲ten von Gravity umfassen integrierte Wasser-Systeme 眉ber den gesamten Zyklus im Permian Basin und Verm枚genswerte zur Sammlung und zum Transport von produzierter Wasser im Bakken. Diese 脺bernahme, kombiniert mit dem k眉rzlichen Kauf von H2O Midstream durch DKL, verbessert die F盲higkeit des Unternehmens, integrierte Roh枚l- und Wasser-Dienstleistungen anzubieten. Nach dieser Transaktion wird DKL mehr als 70 % seines EBITDA aus Drittquellen beziehen.
Die 脺bernahme wird voraussichtlich Synergien durch Kosten- und Rohstoffoptimierung schaffen, die DKLs integrierte Roh枚l- und Sammlung/Entsorgung von produzierter Wasser im Midland Basin erg盲nzen.
- Strategic expansion in Permian Basin water midstream services
- Increases third-party EBITDA contribution to >70%
- Expected synergies through cost and commodity sale optimization
- Strengthens integrated service offering combining crude and water services
- Significant cash outlay of $200 million
- Potential dilution from issuance of ~2.175 million DKL units
Insights
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鈥淭he Gravity acquisition represents another significant step in DKL鈥檚 commitment of being a full suite crude, gas and water midstream services provider in the Permian Basin. Gravity鈥檚 primary operations are in Howard County in the Midland Basin, and along with our recent H2O Midstream acquisition, provide a strong opportunity for integrated crude and water services to DKL鈥檚 customers. We believe Delek Logistics continues to provide the best combination of yield and growth in the midstream sector. As previously indicated, DKL will be approaching greater than
The Gravity operations include integrated full-cycle water systems in the Permian Basin, in addition to produced water gathering, and transportation assets in the Bakken. Total consideration for the transaction is
The acquisition is synergistic to DKL鈥檚 recent acquisition of H2O Midstream and supplements DKL's integrated crude and produced water gathering and disposal offering in the Midland Basin. The acquisition also presents an opportunity to extract significant synergies through cost and commodity sale optimization.
About Delek Logistics Partners, LP
Delek Logistics Partners, LP is a midstream energy master limited partnership headquartered in
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Source: Delek Logistics Partners, LP
FAQ
What is the total value of DKL's Gravity Water Midstream acquisition?
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