One-Page Deal Sheet
Blueknight Announces Pecos River Pipeline Acquisition
Blueknight Energy Partners, L.P. Advantage Pipeline, Llc
Announced Date
February 05,2013
Transaction Type
Asset
Location
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Crane
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Blueknight Energy Partners, L.P., announced today it has entered into an agreement with Advantage Pipeline, L.L.C. (“Advantage”) to acquire approximately 30% ownership in a 70 mile crude oil pipeline project running from Pecos, Texas to Crane, Texas. Named the Pecos River Pipeline, the new 16” diameter pipeline will enable west Texas producers to deliver crude oil to Gulf Coast markets through a pipeline connection at Crane, Texas. BKEP will operate the pipeline under a long term agreement with Advantage.
Mark Hurley, BKEP Chief Executive Officer, stated, “We are pleased to work with Advantage…
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