Ergon-Texas acquires Thompsons pipeline system
Ergon-Texas Pipeline, Inc. (ETPI), has announced the acquisition of the Thompsons pipeline and associated assets from Blueknight Energy Partners, LP.
The 42 mile pipeline originates in Thompsons, Texas and terminates in Webster, Texas. Terms of the agreement were not disclosed.
Larry Hartness, Senior Vice President of Ergon Oil Purchasing, Inc. said, "We are always looking for ways to secure quality, domestic crude for our refining operations. The Thompsons Pipeline System is a vital part of our continuing operations and further establishes our commitment to investing in this region of Texas."
Ergon-Texas Pipeline, Inc. is a wholly owned subsidiary of Ergon Terminaling, Inc. and serves as a crude oil pipeline operator. Ergon, Inc. is a privately held company that operates under six primary business segments: Refining & Marketing, Asphalt & Emulsions, Transportation & Terminaling, Oil & Gas, Real Estate, and Corporate & Other.
Adapted from press release by Hannah Priestley-Eaton
Read the article online at: https://www.worldpipelines.com/business-news/03012014/ergon_texas_acquires_thompsons_pipeline_system/
You might also like
The World Pipelines Podcast
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP’s global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Listen for free today at www.worldpipelines.com/podcasts or subscribe and review on your favourite podcast app.
T.D. Williamson announces strategic investment from Apollo Funds
T.D. Williamson (TDW), a global leader in pipeline infrastructure technology and services, have announced a strategic investment from funds managed by Apollo.
