Table of Contents
Table of Contents 3
List of Tables 7
List of Figures 9
Andeavor, Oil & Gas, Deals By Year, 2012 to YTD 2018 10
Andeavor, Oil & Gas Deals By Type, 2012 to YTD 2018 11
Andeavor, Oil & Gas, Deals By Region, 2012 to YTD 2018 12
Andeavor, Oil & Gas, Deals By Sector, 2012 to YTD 2018 13
Andeavor, Oil & Gas, Deals Summary, 2012 to YTD 2018 14
Andeavor, Oil & Gas, Deal Details 18
Asset Purchase 18
Andeavor Logistics Completes Acquisition Of Midstream Assets In Permian Basin From Andeavor For US$1.55 Billion 18
Delek US Completes Sale Of Asphalt Terminals In US To Western Refining For US$75 Million 20
Andeavor Logistics Completes Acquisition Of Wamsutter Pipeline System From Plains All American For US$180 Million 22
Andeavor Acquires Kenai LNG Facility In Alaska From ConocoPhillips 23
Andeavor Logistics Acquires Logistics Assets In Washington From Andeavor For US$445 Million 24
Andeavor Acquires 39 Convenience Stores And Gas Stations In Northern California From Flyers Energy 25
Tesoro Logistics Completes Acquisition Of Midstream Assets In North Dakota From Whiting Oil, GBK Investments And WBI Energy For US$700 Million 26
Tesoro Logistics Acquires Terminal And Storage Assets In California From Tesoro For US$400 Million 28
Tesoro Logistics Completes Acquisition Of Terminal Assets In Alaska From Tesoro For US$178 Million 30
Western Refining Logistics Completes Acquisition Of Terminalling, Storage And Other Logistics Assets In Minnesota From Northern Tier Energy For US$210 Million 32
Tesoro Logistics Acquires Storage Assets In Alaska From Tesoro For US$266 Million 34
Tesoro Completes Acquisition Of Wholesale Marketing And Logistics Assets In Alaska from Flint Hill Resources 36
Tesoro Logistics Completes Acquisition Of Los Angeles Refinery Storage And Pipeline Assets In California From Tesoro For US$500 Million 37
Western Refining Logistics Acquires TexNew Mex Pipeline And Storage Tank In New Mexico From Western Refining For US$180 Million 39
Western Refining Completes Acquisition Of Wingate NGL Fractionation Plant In New Mexico From ConocoPhillips 41
Tesoro Logistics Completes Acquisition Of Three Terminals In US From Tesoro For US$241 Million 42
Tesoro Logistics Completes Acquisition Of Remaining Portion Of Los Angeles Logistics Assets From Tesoro Refining & Marketing For US$650 Million 43
Tesoro Logistics Completes Acquisition Of Chevron’s Northwest Products Pipeline System And Northwest Terminal Assets For US$355 Million 45
Tesoro Completes Acquisition Of BP’s Southern California Refining and Marketing Business For US$2.43 Billion 47
Tesoro Logistics Completes Acquisition Of Six Marketing And Storage Terminal Facilities In Southern California From Tesoro For US$640 Million 49
Tesoro Sells Anacortes Rail Facility In Washington To Tesoro Logistics For US$180 Million 51
Tesoro Logistics Completes Acquisition Of Marine Terminal In Long Beach And Short-Haul Pipelines In Los Angeles From Tesoro Refining and Marketing For US$210 Million 52
Tesoro Logistics Acquires Martinez Crude Oil Marine Terminal For US$75 Million 53
Tesoro Completes Acquisition Of 49 Albertsons Fuel Centers From SuperValu For US$37 Million 54
Partnerships 55
Buckeye Partners Forms Joint Venture With Phillips 66 And Andeavor 55
EP Energy And Tesoro Form Joint Venture 57
Tesoro Refining Forms Joint Venture With Savage Companies 58
Equity Offering 59
Andeavor Logistics Completes Public Offering Of Preferred Units For US$600 Million 59
Tesoro Logistics Completes Public Offering Of Units For US$284 Million 61
Western Refining Logistics Completes Public Offering Of Units For US$167.4 Million 63
Western Refining Logistics Completes Public Offering Of Units For US$93.7 Million 65
Tesoro Logistics Completes Public Offering Of Units For US$1.32 Billion 67
Tesoro Logistics Completes Public Offering Of Units For US$144 Million 69
Tesoro Logistics Completes Public Offering Of Units For US$321.6 Million 71
Western Refining Logistics Completes IPO Of Units For US$348 Million 73
QEP Midstream Partners Completes IPO Of Units For US$483 Million 75
Tesoro Logistics Completes Public Offering Of Units For US$407.6 Million 77
Tesoro Logistics Completes Public Offering Of Units For US$178 Million 79
Northern Tier Energy Completes IPO For US$261.6 Million 80
Debt Offering 82
Andeavor Completes Public Offering Of 3.8% Senior Notes, Due 2028 For US$500 Million 82
Andeavor Completes Public Offering Of 4.5% Senior Notes, Due 2048 For US$500 Million 83
Andeavor Logistics Completes Public Offering Of 3.5% Senior Notes, Due 2022 For US$500 Million 84
Andeavor Logistics Completes Public Offering Of 4.25% Senior Notes, Due 2027 For US$750 Million 86
Andeavor Logistics Completes Public Offering Of 5.2% Senior Notes, Due 2047 For US$500 Million 88
Tesoro Completes Private Placement Of 4.75% Senior Notes, Due 2023 For US$850 Million 90
Tesoro Completes Private Placement Of 5.125% Senior Notes, Due 2026 For US$750 Million 91
Tesoro Logistics Completes Public Offering Of 5.25% Senior Notes, Due 2025 For US$750 Million 92
Tesoro Logistics Completes Public Offering Of 6.125% Senior Notes, Due 2021 For US$250 Million 93
Tesoro Logistics Completes Public Offering Of 6.375% Senior Notes, Due 2024 For US$450 Million 95
Western Refining Logistics Completes Private Placement Of 7.5% Notes, Due 2023, For US$300 Million 97
Tesoro Logistics Completes Private Placement Of 6.25% Senior Notes For US$800 Million 98
Tesoro Logistics Completes Private Placement Of 5.5% Senior Notes For US$500 Million 99
Tesoro Completes Public Offering Of 5.125% Notes Due 2024 For US$300 Million 100
Tesoro Logistics Completes Private Placement Of 5.875% Notes, Due 2020, For US$250 Million 101
Tesoro Logistics Completes Private Placement Of 6.125% Notes Due 2021 For US$550 Million 102
Western Refining Completes Private Placement Of 6.25% Notes Due 2021 For US$350 Million 103
Tesoro Completes Public Offering Of 4.25% Notes Due 2017 For US$450 Million 104
Tesoro Completes Pubic Offering Of 5.375% Notes Due 2022 For US$475 Million 106
Tesoro Logistics Completes Private Placement Of 5.875% Notes Due 2020 For US$350 Million 108
Asset Transactions 109
Andeavor Logistics Completes Acquisition Of Midstream Assets In Permian Basin From Andeavor For US$1.55 Billion 109
Andeavor Logistics Acquires Logistics Assets In Washington From Andeavor For US$445 Million 111
Petro Star Completes Acquisition Of Terminal 1 In Alaska From Tesoro For US$28 Million 112
Tesoro Logistics Acquires Terminal And Storage Assets In California From Tesoro For US$400 Million 113
Tesoro Logistics Completes Acquisition Of Terminal Assets In Alaska From Tesoro For US$178 Million 115
Tesoro Logistics Acquires Storage Assets In Alaska From Tesoro For US$266 Million 117
Tesoro Logistics Completes Acquisition Of Los Angeles Refinery Storage And Pipeline Assets In California From Tesoro For US$500 Million 119
Western Refining Logistics Acquires TexNew Mex Pipeline And Storage Tank In New Mexico From Western Refining For US$180 Million 121
Tesoro Logistics Completes Acquisition Of Three Terminals In US From Tesoro For US$241 Million 123
Tesoro Completes Sale Of Boise Terminal In Idaho 124
Tesoro Logistics Completes Acquisition Of Remaining Portion Of Los Angeles Logistics Assets From Tesoro Refining & Marketing For US$650 Million 125
Tesoro Logistics Completes Acquisition Of Six Marketing And Storage Terminal Facilities In Southern California From Tesoro For US$640 Million 127
Tesoro Sells Anacortes Rail Facility In Washington To Tesoro Logistics For US$180 Million 129
Tesoro Logistics Completes Acquisition Of Marine Terminal In Long Beach And Short-Haul Pipelines In Los Angeles From Tesoro Refining and Marketing For US$210 Million 130
Tesoro Logistics Acquires Martinez Crude Oil Marine Terminal For US$75 Million 131
Acquisition 132
Marathon Petroleum Completes Acquisition Of Andeavor For US$35.6 Billion 132
Andeavor Completes Acquisition Of Rangeland Energy II From Rangeland Energy 134
Andeavor Logistics Completes Acquisition Of Western Refining Logistics For US$1.7 Billion 136
Andeavor Acquires 17% Interest In Minnesota Pipe Line 138
Tesoro Completes Acquisition Of Western Refining For US$5.8 Billion 139
WBI Energy Acquires Remaining 50% Interest In Dakota Prairie Refining From Calumet Specialty For US$28.5 Million 141
Tesoro Completes Acquisition Of Dakota Prairie Refining From WBI Energy For US$66 Million 142
Western Refining Completes Acquisition Of Remaining 62% Stake In Northern Tier Energy For Approximately US$1.5 Billion 143
Tesoro Completes Acquisition Of Great Northern Midstream 145
Tesoro Logistics Completes Acquisition Of Remaining 44.2% Stake In QEP Midstream Partners 146
Tesoro Logistics Completes Acquisition Of QEP Field Services From QEP Resources For US$2.5 Billion 148
Tesoro Logistics Completes Acquisition Of Tesoro Alaska Pipeline Company From Tesoro For US$28.6 Million 150
QEP Midstream Completes Acquisition Of 40% Interest In Green River Processing From QEP Resources For US$230 Million 151
Western Refining Acquires 38.7% Stake In Northern Tier Energy For US$775 Million 152
Par Petroleum Completes Acquisition Of Tesoro Hawaii, Downstream Energy Company, From Tesoro 154
Andeavor – Key Competitors 156
Andeavor – Key Employees 157
Andeavor – Locations And Subsidiaries 158
Head Office 158
Other Locations & Subsidiaries 158
Joint Venture 159
Recent Developments 160
Strategy and Business Expansion 160
Aug 29, 2017: Andeavor Opens First ARCO Station In Mexico 160
May 24, 2017: EP Energy And Tesoro Announce Drilling Joint Venture In Uinta Basin 161
Financial Announcements 162
Aug 06, 2018: Andeavor reports second quarter 2018 results 162
May 07, 2018: Andeavor Reports First Quarter 2018 Results 166
Feb 15, 2018: Andeavor Reports Fourth Quarter And Full Year 2017 Results 168
Jan 30, 2018: Andeavor Provides Preliminary Fourth Quarter 2017 Results And Impacts Related To Federal Tax-Reform Legislation 172
Aug 08, 2017: Andeavor Reports Second Quarter 2017 Results 174
May 08, 2017: Tesoro Reports First Quarter 2017 Results 178
Feb 06, 2017: Tesoro Reports Fourth Quarter And Full Year 2016 Results 180
Other Significant Developments 182
Sep 27, 2018: Phillips 66 Partners announces open season for Eagle Ford segment of Gray Oak Pipeline 182
Jun 06, 2018: Andeavor To Develop Fuel Storage Facility In Baja California 183
Mar 15, 2018: Andeavor And Andeavor Logistics Respond To FERC Announcement 184
Jan 19, 2018: Meridian Responds To Davis Refinery Concerns 185
Jan 19, 2018: Pemex Logistica Plans To Hold 11 Auctions In Mexico 186
Oct 26, 2017: Night Moves: Mammoet Successfully Transports Process Modules In Anacortes 187
Aug 11, 2017: Andeavor Announces Development Of Conan Crude Oil Gathering Pipeline System In Delaware Basin 188
Aug 01, 2017: Tesoro And Tesoro Logistics Become Andeavor And Andeavor Logistics 189
Jul 18, 2017: Meridian Energy CEO: Proposed Davis Refinery Will Be ‘Cleanest On The Planet’ 190
Jun 05, 2017: Tesoro Announces Change Of Company Name To Andeavor After Western Refining Acquisition 191
Jun 01, 2017: Tesoro and Tesoro Logistics elect new members to their boards of directors 192
May 18, 2017: Coreworx Confirmed To Speak At World’s Largest Downstream Industry Event 193
Mar 08, 2017: Pemex Director Holds Several Meetings With Leaders Of Worldwide Oil Sector 194
New Contracts Announcements 195
Sep 28, 2018: Pin Oak Corpus Christi hires Strike to construct pipeline connectivity 195
Jul 22, 2018: Andeavor awarded additional pipeline and storage capacity in Mexico 196
Mar 06, 2018: Petroteq Energy Announces Offtake Agreement With Firebird Logistics For 100% Of Production From Its Utah Heavy Oil Extraction Facility 197
Jul 25, 2017: Tesoro to launch ARCO brand in Mexico 198
Jul 18, 2017: Tesoro To Begin Operating In Mexico 199
Mar 22, 2017: Shell Inks Contract To Lease Capacity At Panama Oil Terminal 200
Appendix 201
Methodology 201
About GlobalData 201
Contact Us 201
Disclaimer 201
Andeavor, Oil & Gas, Key Facts, 2017 2
Andeavor, Oil & Gas, Deals Summary, 2012 to YTD 2018 2
Andeavor, Oil & Gas, Deals By Year, 2012 to YTD 2018 10
Andeavor, Oil & Gas Deals By Type, 2012 to YTD 2018 11
Andeavor, Oil & Gas, Deals By Region, 2012 to YTD 2018 12
Andeavor, Deals By Sector, 2012 to YTD 2018 13
Andeavor, Oil & Gas, Deals Summary, 2012 to YTD 2018 14
Andeavor Logistics Completes Acquisition Of Midstream Assets In Permian Basin From Andeavor For US$1.55 Billion 18
Delek US Completes Sale Of Asphalt Terminals In US To Western Refining For US$75 Million 20
Andeavor Logistics Completes Acquisition Of Wamsutter Pipeline System From Plains All American For US$180 Million 22
Andeavor Acquires Kenai LNG Facility In Alaska From ConocoPhillips 23
Andeavor Logistics Acquires Logistics Assets In Washington From Andeavor For US$445 Million 24
Andeavor Acquires 39 Convenience Stores And Gas Stations In Northern California From Flyers Energy 25
Tesoro Logistics Completes Acquisition Of Midstream Assets In North Dakota From Whiting Oil, GBK Investments And WBI Energy For US$700 Million 26
Tesoro Logistics Acquires Terminal And Storage Assets In California From Tesoro For US$400 Million 28
Tesoro Logistics Completes Acquisition Of Terminal Assets In Alaska From Tesoro For US$178 Million 30
Western Refining Logistics Completes Acquisition Of Terminalling, Storage And Other Logistics Assets In Minnesota From Northern Tier Energy For US$210 Million 32
Tesoro Logistics Acquires Storage Assets In Alaska From Tesoro For US$266 Million 34
Tesoro Completes Acquisition Of Wholesale Marketing And Logistics Assets In Alaska from Flint Hill Resources 36
Tesoro Logistics Completes Acquisition Of Los Angeles Refinery Storage And Pipeline Assets In California From Tesoro For US$500 Million 37
Western Refining Logistics Acquires TexNew Mex Pipeline And Storage Tank In New Mexico From Western Refining For US$180 Million 39
Western Refining Completes Acquisition Of Wingate NGL Fractionation Plant In New Mexico From ConocoPhillips 41
Tesoro Logistics Completes Acquisition Of Three Terminals In US From Tesoro For US$241 Million 42
Tesoro Logistics Completes Acquisition Of Remaining Portion Of Los Angeles Logistics Assets From Tesoro Refining & Marketing For US$650 Million 43
Tesoro Logistics Completes Acquisition Of Chevron’s Northwest Products Pipeline System And Northwest Terminal Assets For US$355 Million 45
Tesoro Completes Acquisition Of BP’s Southern California Refining and Marketing Business For US$2.43 Billion 47
Tesoro Logistics Completes Acquisition Of Six Marketing And Storage Terminal Facilities In Southern California From Tesoro For US$640 Million 49
Tesoro Sells Anacortes Rail Facility In Washington To Tesoro Logistics For US$180 Million 51
Tesoro Logistics Completes Acquisition Of Marine Terminal In Long Beach And Short-Haul Pipelines In Los Angeles From Tesoro Refining and Marketing For US$210 Million 52
Tesoro Logistics Acquires Martinez Crude Oil Marine Terminal For US$75 Million 53
Tesoro Completes Acquisition Of 49 Albertsons Fuel Centers From SuperValu For US$37 Million 54
Buckeye Partners Forms Joint Venture With Phillips 66 And Andeavor 55
EP Energy And Tesoro Form Joint Venture 57
Tesoro Refining Forms Joint Venture With Savage Companies 58
Andeavor Logistics Completes Public Offering Of Preferred Units For US$600 Million 59
Tesoro Logistics Completes Public Offering Of Units For US$284 Million 61
Western Refining Logistics Completes Public Offering Of Units For US$167.4 Million 63
Western Refining Logistics Completes Public Offering Of Units For US$93.7 Million 65
Tesoro Logistics Completes Public Offering Of Units For US$1.32 Billion 67
Tesoro Logistics Completes Public Offering Of Units For US$144 Million 69
Tesoro Logistics Completes Public Offering Of Units For US$321.6 Million 71
Western Refining Logistics Completes IPO Of Units For US$348 Million 73
QEP Midstream Partners Completes IPO Of Units For US$483 Million 75
Tesoro Logistics Completes Public Offering Of Units For US$407.6 Million 77
Tesoro Logistics Completes Public Offering Of Units For US$178 Million 79
Northern Tier Energy Completes IPO For US$261.6 Million 80
Andeavor Completes Public Offering Of 3.8% Senior Notes, Due 2028 For US$500 Million 82
Andeavor Completes Public Offering Of 4.5% Senior Notes, Due 2048 For US$500 Million 83
Andeavor Logistics Completes Public Offering Of 3.5% Senior Notes, Due 2022 For US$500 Million 84
Andeavor Logistics Completes Public Offering Of 4.25% Senior Notes, Due 2027 For US$750 Million 86
Andeavor Logistics Completes Public Offering Of 5.2% Senior Notes, Due 2047 For US$500 Million 88
Tesoro Completes Private Placement Of 4.75% Senior Notes, Due 2023 For US$850 Million 90
Tesoro Completes Private Placement Of 5.125% Senior Notes, Due 2026 For US$750 Million 91
Tesoro Logistics Completes Public Offering Of 5.25% Senior Notes, Due 2025 For US$750 Million 92
Tesoro Logistics Completes Public Offering Of 6.125% Senior Notes, Due 2021 For US$250 Million 93
Tesoro Logistics Completes Public Offering Of 6.375% Senior Notes, Due 2024 For US$450 Million 95
Western Refining Logistics Completes Private Placement Of 7.5% Notes, Due 2023, For US$300 Million 97
Tesoro Logistics Completes Private Placement Of 6.25% Senior Notes For US$800 Million 98
Tesoro Logistics Completes Private Placement Of 5.5% Senior Notes For US$500 Million 99
Tesoro Completes Public Offering Of 5.125% Notes Due 2024 For US$300 Million 100
Tesoro Logistics Completes Private Placement Of 5.875% Notes, Due 2020, For US$250 Million 101
Tesoro Logistics Completes Private Placement Of 6.125% Notes Due 2021 For US$550 Million 102
Western Refining Completes Private Placement Of 6.25% Notes Due 2021 For US$350 Million 103
Tesoro Completes Public Offering Of 4.25% Notes Due 2017 For US$450 Million 104
Tesoro Completes Pubic Offering Of 5.375% Notes Due 2022 For US$475 Million 106
Tesoro Logistics Completes Private Placement Of 5.875% Notes Due 2020 For US$350 Million 108
Andeavor Logistics Completes Acquisition Of Midstream Assets In Permian Basin From Andeavor For US$1.55 Billion 109
Andeavor Logistics Acquires Logistics Assets In Washington From Andeavor For US$445 Million 111
Petro Star Completes Acquisition Of Terminal 1 In Alaska From Tesoro For US$28 Million 112
Tesoro Logistics Acquires Terminal And Storage Assets In California From Tesoro For US$400 Million 113
Tesoro Logistics Completes Acquisition Of Terminal Assets In Alaska From Tesoro For US$178 Million 115
Tesoro Logistics Acquires Storage Assets In Alaska From Tesoro For US$266 Million 117
Tesoro Logistics Completes Acquisition Of Los Angeles Refinery Storage And Pipeline Assets In California From Tesoro For US$500 Million 119
Western Refining Logistics Acquires TexNew Mex Pipeline And Storage Tank In New Mexico From Western Refining For US$180 Million 121
Tesoro Logistics Completes Acquisition Of Three Terminals In US From Tesoro For US$241 Million 123
Tesoro Completes Sale Of Boise Terminal In Idaho 124
Tesoro Logistics Completes Acquisition Of Remaining Portion Of Los Angeles Logistics Assets From Tesoro Refining & Marketing For US$650 Million 125
Tesoro Logistics Completes Acquisition Of Six Marketing And Storage Terminal Facilities In Southern California From Tesoro For US$640 Million 127
Tesoro Sells Anacortes Rail Facility In Washington To Tesoro Logistics For US$180 Million 129
Tesoro Logistics Completes Acquisition Of Marine Terminal In Long Beach And Short-Haul Pipelines In Los Angeles From Tesoro Refining and Marketing For US$210 Million 130
Tesoro Logistics Acquires Martinez Crude Oil Marine Terminal For US$75 Million 131
Marathon Petroleum Completes Acquisition Of Andeavor For US$35.6 Billion 132
Andeavor Completes Acquisition Of Rangeland Energy II From Rangeland Energy 134
Andeavor Logistics Completes Acquisition Of Western Refining Logistics For US$1.7 Billion 136
Andeavor Acquires 17% Interest In Minnesota Pipe Line 138
Tesoro Completes Acquisition Of Western Refining For US$5.8 Billion 139
WBI Energy Acquires Remaining 50% Interest In Dakota Prairie Refining From Calumet Specialty For US$28.5 Million 141
Tesoro Completes Acquisition Of Dakota Prairie Refining From WBI Energy For US$66 Million 142
Western Refining Completes Acquisition Of Remaining 62% Stake In Northern Tier Energy For Approximately US$1.5 Billion 143
Tesoro Completes Acquisition Of Great Northern Midstream 145
Tesoro Logistics Completes Acquisition Of Remaining 44.2% Stake In QEP Midstream Partners 146
Tesoro Logistics Completes Acquisition Of QEP Field Services From QEP Resources For US$2.5 Billion 148
Tesoro Logistics Completes Acquisition Of Tesoro Alaska Pipeline Company From Tesoro For US$28.6 Million 150
QEP Midstream Completes Acquisition Of 40% Interest In Green River Processing From QEP Resources For US$230 Million 151
Western Refining Acquires 38.7% Stake In Northern Tier Energy For US$775 Million 152
Par Petroleum Completes Acquisition Of Tesoro Hawaii, Downstream Energy Company, From Tesoro 154
Andeavor, Key Competitors 156
Andeavor, Key Employees 157
Andeavor, Subsidiaries 158
Andeavor, Joint Venture 159
List of Figures
Andeavor, Oil & Gas, Deals by Type, 2012 to YTD 2018 2
Andeavor, Oil & Gas, Deals By Year, 2012 to YTD 2018 2
Andeavor, Oil & Gas, Deals By Region, 2012 to YTD 2018 2
Andeavor, Oil & Gas, Deals By Sector, 2012 to YTD 2018 2
Andeavor, Oil & Gas, Deals By Year, 2012 to YTD 2018 10
Andeavor, Oil & Gas, Deals by Type, 2012 to YTD 2018 11
Andeavor, Oil & Gas, Deals By Region, 2012 to YTD 2018 12
Andeavor, Oil & Gas, Deals by Sector, 2012 to YTD 2018 13
