CVR ENERGY, INC. (CVI)

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CVR Energy’s Crude Oil Pipeline Business Acquisition From Blueknight

January 8, 2021 Ambrogio Visconti

Baker Botts LLP advised CVR Energy, Inc. on the deal.

CVR Energy, Inc. (NYSE: CVI) has entered into a definitive agreement to acquire a crude oil pipeline business from Blueknight Energy Partners for a purchase price of $20 million, subject to customary adjustments and excluding crude oil linefill and inventory. This business includes 604 miles of crude oil pipeline and approximately 0.3 million barrels of related crude oil storage located primarily in Oklahoma.

CVR Energy is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in two limited partnerships, CVR Refining, LP and CVR Partners, LP.

The Baker Botts team was led by partner Dan L. Mark (Picture) and Katie Belleville.

Involved fees earner: Katie Mize Belleville – Baker Botts; Dan Mark – Baker Botts;

Law Firms: Baker Botts;

Clients: CVR Energy, Inc;