Headquartered in Dallas, HollyFrontier operates five refineries with 443,000 barrels per day of total throughput capacity, Reuters reported.
The transaction is subject to customary closing conditions including antitrust approval, and is scheduled to close before year-end 2016.
EQT Midstream Partners said Oct. 13 it acquired the Allegheny Valley Connector (AVC) transmission and storage system, along with several Marcellus gathering systems from Pittsburgh-based EQT Corp.
Noble Energy Partners purchased additional U.S. midstream assets in Montana for a combined value of $27.5 million from an undisclosed seller, the company said Oct. 11.
The deal, the largest so-called "dropdown" from Phillips 66 to the unit, includes assets supporting the company's refineries in New Jersey, Montana, Texas and Oklahoma.
The Houston company has earmarked proceeds from its sale of noncore E&P and midstream assets in the Eagle Ford for possible acquisitions.
The North Carolina Utilities Commission approved the acquisition during the week of Sept. 26. This was the final regulatory ruling needed to complete the transaction.
Having come off of February’s lows, the industry has hit a sweet spot for MLP pricing.
The sources said Petronas has been considering a sale for months, after it became apparent that a Canadian approval was possible, but had yet to take a final decision.
Enbridge has agreed to sell its South Prairie liquids pipelines as part of its strategy to finance the recent $28 billion acquisition of Spectra Energy.
From the Permian Basin to the Marcellus Shale, pipelines deals scored a triumph to close out third quarter.
Pemex will retain 50% shareholder interest in the Ramones II Norte Pipeline project through Ductos y Energeticos del Norte S de RL de CV.