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Baker Botts Represents CVR Energy in its Acquisition from Blueknight

Release

HOUSTON – December 22, 2020 - Baker Botts L.L.P. announced today that its client 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 and Katie Belleville

 

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Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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