May 10, 2018 / 12:12 PM / 14 days ago

BRIEF-Kingfisher Midstream, Blueknight Energy Partners, And Ergon Announce Construction Of A New Crude Oil Pipeline

May 10 (Reuters) - Blueknight Energy Partners LP:

* KINGFISHER MIDSTREAM, BLUEKNIGHT ENERGY PARTNERS, AND ERGON ANNOUNCE THE CONSTRUCTION OF A NEW CRUDE OIL PIPELINE FROM KINGFISHER COUNTY TO CUSHING, OKLAHOMA

* BLUEKNIGHT ENERGY PARTNERS - CO, KINGFISHER MIDSTREAM, AFFILIATES OF ERGON ANNOUNCED EXECUTION OF DEFINITIVE DEALS TO FORM CIMARRON EXPRESS PIPELINE

* BLUEKNIGHT ENERGY PARTNERS LP - VENTURE TO INCLUDE CONSTRUCTION AND OPERATION OF A NEW CRUDE OIL PIPELINE SERVING STACK PRODUCERS IN CENTRAL OKLAHOMA

* BLUEKNIGHT ENERGY PARTNERS LP - PIPELINE WILL HAVE AN INITIAL CAPACITY OF 90,000 BARRELS PER DAY, EXPANDABLE TO OVER 175,000 BARRELS PER DAY

* BLUEKNIGHT ENERGY PARTNERS LP - NEW PIPELINE IS EXPECTED TO BE COMPLETED IN MID-2019

* BLUEKNIGHT ENERGY PARTNERS LP - OWNERSHIP OF CIMARRON EXPRESS WILL BE 50% KINGFISHER MIDSTREAM AND 50% ERGON

* BLUEKNIGHT ENERGY PARTNERS - ERGON, OWNER OF GENERAL PARTNER OF CO, TO HOLD OWNERSHIP IN CIMARRON EXPRESS VIA A NEWLY CREATED, WHOLLY OWNED UNIT

* BLUEKNIGHT ENERGY PARTNERS LP - ERGON AND BKEP ALSO ENTERED INTO AN AGREEMENT THAT GIVES EACH PARTY RIGHTS CONCERNING PURCHASE OR SALE OF DEVCO Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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