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/
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