Kingfisher Midstream, Blueknight Energy Partners, and Ergon Announce the Construction of a New Crude Oil Pipeline From Kingfisher County to Cushing, Oklahoma
Alpha Metallurgical Resources, Inc. (AMR)
US:NYSE Investor Relations:
altamesa.net/investors/ir-tmplt
Company Research
Source: GlobeNewswire
OKLAHOMA CITY, May 10, 2018 (GLOBE NEWSWIRE) -- Kingfisher Midstream, LLC (“Kingfisher Midstream”), a wholly owned subsidiary of Alta Mesa Resources, Inc. (“Alta Mesa”) (NASDAQ:AMR), Blueknight Energy Partners, L.P. (“BKEP”) (NASDAQ:BKEP) (NASDAQ:BKEPP), and affiliates of Ergon, Inc. (“Ergon”; Private), today announced the execution of definitive agreements to form Cimarron Express Pipeline, LLC (“Cimarron Express”). The venture will include the construction and operation of a new crude oil pipeline serving STACK producers in central Oklahoma with a new 65-mile, 16-inch crude oil pipeline extending from northeastern Kingfisher County, Oklahoma, to BKEP’s Cushing, Oklahoma, crude oil terminal. The pipeline will provide direct market access at Cushing for producers and will have an initial capacity of 90,000 barrels per day, expandable to over 175,000 barrels per day. The new pipeline is expected to be completed in mid-2019.
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