Ergon-Texas Pipeline Acquires Thompsons Pipeline System From Blueknight

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
MM
Description

Acquired the 42-mile Thompsons pipeline system that originates in Thompsons and terminates in Webster.

Ergon-Texas Pipeline Inc. announced Jan. 2 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.

“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,” Larry Hartness, senior vice president of Ergon Oil Purchasing, said in the release.

Ergon-Texas Pipeline is a wholly owned subsidiary of Ergon Terminaling Inc. and serves as a crude oil pipeline operator. Ergon Inc. is a privately held company operating in six segments. The company is based in Jackson, Miss.