Valero Files To Create a Logistics MLP – Valero Energy Partners

Logistics MLPs Trade At Multiples of 3-5 Times More Than Refineries
Valero Logistics Growth Investments

Valero Logistics Growth Investments | Click to Enlarge

Valero has filed a registration statement with the SEC for the initial public offering of Valero Energy Partners (VLP).

VLP will serve as a vehicle for dropping down (selling) logistics assets from Valero. Logistics assets include everything that helps Valero delivery quality crude to its refineries: pipelines, rail cars, rail unloading, barges, ships, docks, tanks, etc. [Read more…]

Plains All American Planning Cactus Pipeline – McCamey to Gardendale

Permian Crude Will Access Rail, Barge, and Pipeline Outlets From Gardendale
Plains All American Eagle Ford Assets

Plains All American Eagle Ford Assets | Click to Enlarge

Plains All American Pipeline announced a new $350 million pipeline that will move 200,000 b/d of crude oil from the Permian Basin into the Eagle Ford region. The Cactus Pipeline will be a 310-mile, 20-inch crude oil pipeline from McCamey, TX, to the Gardendale Area in La Salle County, TX. [Read more…]

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