Deals
Tesoro Acquires QEP Pipeline Assets in $2.5 Billion Deal
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Tesoro Logistics LP agreed to buy QEP Resources Inc.’ natural-gas pipeline and processing business for $2.5 billion in cash to expand in the Rocky Mountain region and North Dakota.
The deal will add more than 2,000 miles of natural gas and crude oil pipelines with capacity to carry more than 2.9 billion cubic feet of gas a day and more than 54,000 barrels of oil, the San Antonio, Texas-based company said in a statement dated Oct.