News Releases

Baker Botts Represents Valero Energy Corporation in Drop-Down of Assets to Valero Energy Partners LP



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.

About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 15 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. Throughout our 174-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit