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Article: Sunoco Logistics Partners L.P. Closes Acquisitions of Texas Crude Oil Pipelines From Alon USA Energy, Inc. and Black Hills Energy, Inc.
- Article from:
- PR Newswire
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHILADELPHIA, March 1 /PRNewswire-FirstCall/ -- Sunoco Logistics Partners L.P. announced today that it has completed the previously announced acquisitions of two Texas crude oil pipeline systems from Alon USA Energy, Inc. ("Alon USA") and Black Hills Energy, Inc. ("Black Hills") for a total of $108.9 million. The purchases were financed with cash drawn under the Partnership's credit facility. The Partnership expects to issue additional equity in the future to repay a substantial portion of the additional indebtedness, incurred under the credit facility, consistent with its conservative capital structure.
The system acquired from Alon USA for approximately $68 ...
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... ... dmw@drg-e.com . Alon USA Energy, Inc., headquartered ... operates a sophisticated sour crude oil refinery in Big Spring, Texas, which has a crude oil throughput capacity of 70,000 barrels per day. Alon USA markets gasoline and diesel ...
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