Blueknight Energy Partners, L.P Company Review & Valuation
About Blueknight Energy Partners, L.P
Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States.
The company's Asphalt Terminalling Services segment offers asphalt terminalling services, including storage, blending, processing, and throughput services for asphalt product and residual fuel oil.
As of March 7, 2018, this segment had 56 terminals located in 26 states.
Its Crude Oil Terminalling Services segment provides terminalling services, including storage, blending, processing, and throughput services for crude oil.
This segment owns and operates 34 crude oil storage tanks with approximately 6.6 million barrels of storage capacity.
The company's Crude Oil Pipeline Services segment owns and operates crude oil transportation system with a combined length of approximately 655 miles; and purchases crude oil from production leases in Oklahoma and markets those barrels at the Cushing Interchange.
Its Crude Oil Trucking and Producer Field Services segment offers crude oil producer field services comprising gathering condensates from natural gas companies to hauling produced water to disposal wells; and producer field services, such as gas gathering pipeline maintenance, hot and cold fresh water delivery, chemical and downhole well treatment, wet oil cleanup, and separation facilities building and maintenance services.
This segment owns or leases approximately 65 tanker trucks; and operates a producer service fleet of approximately 85 trucks.
Blueknight Energy Partners G.P., L.L.C. operates as a general partner of the company.
The company was formerly known as SemGroup Energy Partners, L.P. and changed its name to Blueknight Energy Partners, L.P. in December 2009.
Blueknight Energy Partners, L.P. was founded in 2007 and is headquartered in Oklahoma City, Oklahoma.