Blueknight Energy Partners building stability

Blueknight Energy Partners is poised for growth after stabilizing itself with a new sponsor.

 
BY JAY F. MARKS | Published: November 11, 2012   

Things are looking up at Blueknight Energy Partners.

The one-time SemGroup Corp. subsidiary has restructured its debt and capital spending since Charles Bank joined Dutch energy trading company Vitol as its sponsor in late 2010, said Alex Stallings, Blueknight’s chief financial officer.

photo - A Blueknight Energy Partners truck transports crude oil to a terminal at Cushing. Photo provided
A Blueknight Energy Partners truck transports crude oil to a terminal at Cushing. Photo provided

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“We really right-sized everything with the help of our sponsors,” he said.

Blueknight ranked 10th on this year’s Oklahoma Inc. list of the state’s top publicly traded companies,...
View full article on Oklahoman.com

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