Blueknight Energy Partners Announces 160-Mile Pipeline Project to Serve Eaglebine Crude Producers

OKLAHOMA CITY & HOUSTON--(BUSINESS WIRE)--Blueknight Energy Partners, L.P. ("BKEP" or the "Partnership") (NASDAQ:BKEP) (NASDAQ:BKEPP), today announced plans to build a major pipeline linking the emerging East Texas Eaglebine/Woodbine crude oil resource play to Oiltanking Houston, a crude oil and product terminal on the Houston Ship Channel, owned and operated by Oiltanking Partners, L.P. (NYSE:OILT). The project is backed by long-term shipper commitments, one of which is a transportation agreement with a joint venture between Vitol, a diversified multinational energy company, which also owns 50% of BKEP’s general partner, and SEI Energy, LLC, a natural gas and crude oil marketer/producer services company with offices in Tennessee, Texas, Virginia and Oklahoma.