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Oklahoma’s Blueknight Rakes in $162 Million for Crude Oil Midstream Assets In a move that transitions Blueknight Energy Partners LP into a pure-play, downstream terminalling business, the Tulsa, OK-based company via three separate transactions has agreed to sell its crude oil terminalling, pipeline and trucking business segments for about $162 million in cash, including estimated crude oil linefill and inventory. “This announcement represents a significant milestone as we transition Blueknight away from traditional oil and gas operations into a pure-play, downstream terminalling business focused on infrastructure and transportation end markets,” said CEO Andrew Woodward. Under the largest deal, Blueknight would sell its crude oil terminalling segment to Enbridge Inc. for $132 million. The transaction, expected to close in February, is subject to customary adjustments and excludes crude oil linefill and inventory. It includes around 6.6 million bbl of crude oil storage in Cus

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