The partnership is moving forward on these goals, recently announcing its agreement with Advantage Pipeline to pick up a 30% stake in the Pecos River pipeline project. The 70-mile pipeline will connect Pecos, Texas, to a larger system at Crane, Texas, and ultimately deliver Permian crude to the Gulf Coast.
Blueknight plans to commit about $50 million to capital projects in 2013. It’s a small operation that is limited to small moves for now. If those moves remain strategic, there is no reason it will not be able to generate increasing value for unit holders.
The article Is This Little Midstream the Next Big Thing? originally appeared on Fool.com and is written by Aimee Duffy.
Fool contributor Aimee Duffy has no position in any stocks mentioned. Click here to see her holdings and a short bio. If you have the energy, follow her on Twitter, where she goes by @TMFDuffy. The Motley Fool recommends Kinder Morgan. The Motley Fool owns shares of Kinder Morgan.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.