On June 17, 2014, Valero Energy Corporation (NYSE: VLO) announced the approval of the drop-down of certain assets to Valero Energy Partners LP (NYSE: VLP) for total consideration of $154 million.

The assets to be sold include:

  • The McKee Crude System, located in Sunray, Texas
  • The Three Rivers Crude System, located in the Eagle Ford shale region in South Texas
  • The Wynnewood Products System, located in Ardmore, Oklahoma

Baker Botts represented VLO in the drop-down.



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