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BRIEF-Valero Energy Partners acquires undivided interest in Red River pipeline
January 18, 2017 / 11:29 PM / 8 months ago

BRIEF-Valero Energy Partners acquires undivided interest in Red River pipeline

Jan 18 (Reuters) - Valero Energy Partners LP :

* Valero Energy Partners LP announces acquisition of undivided interest in the Red River Pipeline

* Valero Energy Partners LP - deal for approximately $70 million

* Valero Energy Partners LP - purchase also includes a 40 percent undivided interest in two 150,000 shell barrel capacity tanks located at Hewitt Station

* Valero Energy Partners LP - partnership entered into a 10-year throughput agreement with a subsidiary of Valero Energy Corporation

* Valero Energy Partners LP - partnership funded acquisition with cash on hand

* Valero Energy Partners LP - partnership retains a right to participate in any future expansions of Hewitt segment of Red River Pipeline

* Valero Energy Partners LP - partnership entered into a 10-year throughput agreement with a subsidiary of Valero Energy Corporation

* Valero Energy Partners LP - 10-year throughput agreement includes minimum volume commitment, a 5-year renewal term, no direct commodity price exposure

* Valero Energy Partners- Valero Partners Wynnewood LLC has acquired a 40 percent undivided interest in Hewitt segment of Plains All American Pipeline Source text for Eikon: Further company coverage:

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