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Stock Market & Financial Investment News

News Breaks
August 6, 2014
08:19 EDTOILT, BKEPBlueknight Energy Partners announces pipeline project
Blueknight Energy Partners (BKEP) announced plans to build a 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 (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. Blueknight will construct a 160-mile, 16-inch diameter pipeline originating in Madison County and running south through Leon, Walker and Houston counties. The pipeline will have an initial capacity of 100K BPD, will be expandable up to 200K BPD and serve Eaglebine/Woodbine crude oil producers via two origination stations located near North Zulch and Madisonville with a third station near Roans Prairie planned to accommodate future production growth in the area. The pipeline will have the capability to segregate and batch crude oil in order to help producers capture value for this premium product. Construction on the pipeline will start immediately and is expected to be complete by March 2016. The pipeline is estimated to cost approximately $300M, subject to final pipeline design and shipper commitments, and is anticipated to be financed using a combination of debt and equity.
News For BKEP;OILT From The Last 14 Days
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March 18, 2015
07:02 EDTOILTExterran nominates five new directors to board
Exterran Holdings (EXH) announced that its Board of Directors has nominated the following individuals for election to the Exterran Holdings Board at the Company’s 2015 Annual Meeting of Stockholders on April 28: Anne-Marie N. Ainsworth – former President and CEO of the general partner of Oiltanking Partners, L.P. (OILT); Frances Powell Hawes – independent financial consultant and former CFO of NCI Building Systems (NCS); James H. Lytal – independent energy consultant and former President of Gulfterra Energy Partners LP; Richard R. Stewart- former President and CEO of GE Aero Energy (GE); and Ieda Gomes Yell – Managing Director of Energix Strategy Ltd. and former President of BP Brazil (BP). “In November 2014, we announced a plan to separate Exterran’s international contract operations, international aftermarket services and global fabrication businesses into an independent, publicly traded company in the second half of 2015,” said Mark Sotir, Executive Chairman of the Board. “Our Board has nominated these additional well qualified director candidates in anticipation of certain of Exterran’s directors resigning from the Board at the time of the separation in order to join the board of directors of the new publicly traded company. We have not yet reached a final determination regarding which directors will remain on Exterran’s Board and which directors will join the board of directors of SpinCo at the time of the separation.”

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