HOUSTON, June 18, 2014 – 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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