Valuation of Certain Midstream Oil and Gas Industry Assets in Relation to the Acquisition of a Joint Venture Interest
April 2023
TOP was engaged by a midstream oil and gas MLP to estimate the fair market value of certain assets in relation to the acquisition of a remaining outstanding 25.0 percent joint venture interest in a refined products pipeline system. The fair market value implied by the transaction for the pipeline system approximated $225.0 million. The pipeline system included approximately 425.0 miles of pipeline spanning points in Utah and Nevada and two terminals with a combined storage capacity of approximately 530.0 thousand barrels.
Our analysis included estimates of the fair market value of the company's personal property, real property, and rights-of-way. The personal property assets in our scope included 8 inch and 12 inch refined products pipeline, storage tanks and associated equipment, terminal assets and associated equipment, furniture and fixtures, vehicles, office equipment, and software. The personal property assets were valued using a combination of the indirect and direct methods of the cost approach. The real property assets in our scope included three parcels of land located in Nevada and Utah that were valued using the sales comparison approach. The company's rights-of-way were also valued using a form of the sales comparison approach.
About us
Based in Houston, TX, Tall Oaks Partners provides valuation and financial advisory services to corporate management of public and private companies, investment and fund managers, and stakeholders in businesses of a variety of scale. The Tall Oaks Partners team has significant experience assisting clients with a multitude of valuation matters for strategic, tax, and financial reporting purposes. Our services and deliverables are tailored to client needs and prevailing industry and economic trends.
For more information, please contact:
Valuation of Certain Midstream Oil and Gas Industry Assets in Relation to the Acquisition of a Joint Venture Interest
April 2026
TOP was engaged by a midstream oil and gas MLP to estimate the fair market value of certain assets in relation to the acquisition of a remaining outstanding 25.0 percent joint venture interest in a refined products pipeline system. The fair market value implied by the transaction for the pipeline system approximated $225.0 million. The pipeline system included approximately 425.0 miles of pipeline spanning points in Utah and Nevada and two terminals with a combined storage capacity of approximately 530.0 thousand barrels.
Our analysis included estimates of the fair market value of the company's personal property, real property, and rights-of-way. The personal property assets in our scope included 8 inch and 12 inch refined products pipeline, storage tanks and associated equipment, terminal assets and associated equipment, furniture and fixtures, vehicles, office equipment, and software. The personal property assets were valued using a combination of the indirect and direct methods of the cost approach. The real property assets in our scope included three parcels of land located in Nevada and Utah that were valued using the sales comparison approach. The company's rights-of-way were also valued using a form of the sales comparison approach.
About Us
Based in Houston, TX, Tall Oaks Partners provides valuation and financial advisory services to corporate management of public and private companies, investment and fund managers, and stakeholders in businesses of a variety of scale. The Tall Oaks Partners team has significant experience assisting clients with a multitude of valuation matters for strategic, tax, and financial reporting purposes. Our services and deliverables are tailored to client needs and prevailing industry and economic trends.
For more information, please contact:
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