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Blueknight Energy Partners building stability

Blueknight Energy Partners is poised for growth after stabilizing itself with a new sponsor.
BY JAY F. MARKS Modified: November 1, 2012 at 4:35 pm •  Published: November 11, 2012

“We think Oklahoma City is going to afford us a little better exposure,” Stallings said.

Hurley said Oklahoma City is a logical home for Blueknight since many of its largest customers are here.

Blueknight also has opened an office in Cushing near its crude oil storage terminals.

Nearly half of Blue-knight's business is its asphalt segment, which has 44 liquid asphalt cement terminals and storage facilities across the country. Blueknight is the largest terminal provider in the United States.

Hurley said Blueknight's crude oil business is the one most likely to grow.

“That's really taking off right now,” he said, citing the activity in the Woodford and Granite Wash shale plays in Oklahoma. “Those shale plays are really where the excitement is in the crude business.

“That's where the growth is.”

Hurley said Blueknight likely will follow producers into emerging areas and try to meet their infrastructure needs.

Looking toward the future, it's all about growth for us. We can't emphasize that enough. We hope to be a larger and larger presence in the midstream business.”

Mark Hurley

Blueknight Energy Partners CEO

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