CP Energy

What CP Energy does

CP Energy is a privately owned midstream energy company founded in 1997 and headquartered in Edmond, Oklahoma, that provides an integrated suite of crude oil purchasing, transportation, and midstream asset services across Texas, Oklahoma, Kansas, and New Mexico. Its three core product lines are Purchasing & Marketing (wellhead and lease crude oil and condensate purchases with market-responsive pricing), Transportation & Logistics (a fleet of more than 170 company-owned trucks with electronic ticketing, satellite tracking, and a 24/7 dispatch center), and Midstream Asset Development, Ownership & Operations (gathering systems, processing, injection stations, pipelines, and storage). Physical infrastructure includes pipeline injection stations across four states, dedicated gathering systems (Hewitt in Carter County, OK and Hackberry Pipeline/Truck Unload Terminal in Eddy County, NM), and a 700,000-barrel Cushing, Oklahoma tank farm operated through a wholly owned subsidiary (CP Energy Cushing) in partnership with Secure Energy Services and Barcas Pipeline Ventures, with interconnects to TransCanada/MarketLink, NGL Energy, Magellan, Plains, and Enterprise pipelines.

The company generates revenue through transaction-fee and throughput-based streams: wellhead purchase spreads, per-load trucking and logistics fees, facility access fees, and terminal/blending charges at Cushing. Its go-to-market is sales-led, using named regional crude oil marketing directors covering the Permian, South Texas, Oklahoma, and Midcontinent basins, with direct phone and email contact for producers, refiners, pipelines, and midstream companies. It also operates a royalty and division order administration function serving mineral interest owners. CP Energy is owned by Texoma Transportation & Crude Marketing, LLC, following a January 2014 transaction in which funds managed by Crestview Partners and B-29 Investments took a controlling stake, and the company has since grown through acquisitions of Eclipse Transportation (2014) and Flint Energy Services (2016).

Name

CP Energy

Legal name

CP Energy Holdings, LLC

Website

https://cpenergy.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

CP Energy is a privately owned midstream energy company providing crude oil purchasing, transportation logistics, and midstream asset development and operations across Texas, Oklahoma, Kansas, and New Mexico, serving oil and gas producers, refiners, pipelines, and marketers.

Ownership category

akta.pro rank

Product category

Midstream Energy Services

NAICS

Pipeline Transportation of Crude Oil (486110), Pipeline Transportation of Crude Oil (48611), Petroleum Bulk Stations and Terminals (424710)

SIC

Pipe Lines (No Natural Gas) (4610), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Crude Oil & Condensate Gathering (EUALACAB)

akta.pro secondary industries

Truck Transportation of Crude, Refined Products & LPG (Bulk Road Haulage) (EUALADAJ), Crude Oil Batch Scheduling, Dispatch & Control (SCADA/Control Centers) (TLAGAAAG)

Keywords

• Midstream energy services
• Crude oil marketing
• Oil transportation logistics
• Gathering systems
• Tank terminal operations

Headquarters

HQ city

Edmond

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Crude Oil and Condensate Purchasing: CP Energy contracts with producers to purchase crude oil and condensate at the wellhead or lease, providing market-responsive pricing and wellhead-to-market services including transportation and blending
2. Transportation and Logistics Services: Trucking and logistics services to producers, marketers and third parties that buy and sell crude oil and condensate. Services include accurate gauging, field measurement, and around-the-clock dispatch
3. Midstream Asset Operations: Development, ownership and operation of crude oil and natural gas gathering systems, processing facilities, injection stations, pipelines, and storage terminals. Revenue generated through facility access fees and throughput charges
4. Tank and Terminal Services: Delivery, blending and tank capacity services at Cushing, Oklahoma partnership facility, providing storage and terminal services to customers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

CP Energy purchases crude oil and condensate from producers at the wellhead or lease with market-responsive pricing, transports it via a company-owned fleet of 170+ trucks with electronic ticketing and satellite tracking, and develops, owns, and operates midstream gathering systems, pipeline injection stations, processing facilities, and storage tanks across Texas, Oklahoma, Kansas, and New Mexico. The company also provides division order, royalty disbursement, and 24/7 dispatch services to support customers across the wellhead-to-market value chain.

Product overview

CP Energy offers a unified midstream services platform combining three core product lines: Purchasing & Marketing (crude oil and condensate purchasing at the wellhead with market-responsive pricing), Transportation & Logistics (company-owned trucking fleet with dispatch and tracking capabilities), and Midstream Asset Development/Ownership/Operations (customized gathering, processing, storage, and pipeline infrastructure). These services are supported by facilities including Pipeline Injection Stations, Gathering Systems (Hewitt and Hackberry systems), and Tanks & Terminals at Cushing, Oklahoma. The company operates across Texas, Oklahoma, Kansas, and New Mexico.

Differentiator

Problem solved

Functional benefit

Products and services

• Purchasing & Marketing Crude oil and condensate purchasing services at the wellhead or lease, combined with market-responsive pricing and transportation to delivery points for sale to pipelines, refineries, and terminals. Targeted at oil and gas producers seeking reliable wellhead market access.
• Transportation & Logistics Trucking and logistics services for crude oil and condensate transportation using 170+ company-owned trucks operated by certified, experienced drivers with around-the-clock dispatch and end-to-end tracking capabilities. Targeted at producers, marketers, and third-party buyers and sellers of crude oil.
• Midstream Asset Development, Ownership & Operations Customized midstream asset solutions including development, design, construction, ownership, and operation of crude oil and natural gas gathering systems, processing facilities, injection stations, pipelines, and storage tanks. Targeted at operators and producers needing gathering, transport, processing, and storage infrastructure.
• Pipeline Injection Stations Network of established delivery points with injection stations and blending capability located throughout Texas, Oklahoma, New Mexico and Kansas, including Cushing, Oklahoma, providing customers with pipeline interconnect and delivery services.
• Gathering Systems Oil and gas gathering systems including the Hewitt Crude Oil Gathering System in Carter County, Oklahoma and the Hackberry Pipeline and Truck Unload Terminal in Eddy County, New Mexico, with 10,000+ barrels per day capacity (expandable to 20,000).
• Tanks & Terminals Significant delivery, blending, and tank capacity at Cushing, Oklahoma through partnership with Secure Energy Services and Barcas Pipeline Ventures, including a 700,000-barrel tank farm with 15 mbbl/d truck unload facility and direct access to major pipeline interconnects.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Secure Energy Services (TSE: SES)coreStrategic or Co-development Partner · 14 September 2015Partnership with Secure Energy Services (publicly traded integrated energy business) and Barcas Pipeline Ventures to operate a 700,000-barrel crude oil tank farm at Cushing, Oklahoma with 15 mbbl/d truck unload facility. Secure Energy brings Canadian markets and producer relationships to the partnership. The partnership creates a wholly owned subsidiary, CP Energy Cushing.
• Barcas Pipeline Ventures (BPV), LLCcoreStrategic or Co-development Partner · 14 September 2015BPV constructed the 700,000-barrel crude oil tank farm on 10 acres at Cushing, Oklahoma completed in January 2016. BPV has deep midstream and upstream experience in crude oil tanks, gathering, transport and marketing services. BPV previously constructed and operated a 4,250,000 barrel, 70-acre tank farm at Cushing in partnership with Magellan Crude Oil.

Scale indicators8 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Enterprise Products Partners: Largest publicly traded US midstream operator with extensive crude oil, NGL, natural gas, and petrochemical pipeline networks including Cushing terminals. Competes with CP Energy at the pipeline interconnect level and serves overlapping producer/refiner customers.
• Plains All American Pipeline: Major publicly traded crude oil and NGL midstream operator with extensive Permian Basin and Cushing, Oklahoma infrastructure. Comparable broad incumbent with whom CP Energy directly interconnects at Cushing and competes for Permian producer dedications.
• Magellan Midstream Partners: Large refined products and crude oil pipeline operator with significant Cushing, Oklahoma terminal and pipeline assets now part of ONEOK. Comparable broad incumbent given CP Energy's Cushing interconnects and BPV's prior tank farm partnership with Magellan Crude Oil.

Direct peers

• Rangeland Energy: Crude oil midstream operator developing pipeline and terminal infrastructure in core US producing basins. Comparable as a privately-held, growth-oriented midstream platform focused on wellhead-to-market services and producer relationships.
• NGL Energy Partners: MLP providing crude oil transportation, storage, and marketing services with significant Cushing, Oklahoma terminal and pipeline assets. Comparable midstream customer given CP Energy's Cushing tank farm interconnects to NGL Energy.
• Tall Oak Midstream: Private midstream company providing gathering, processing, and transportation services primarily in Oklahoma and surrounding basins. Directly comparable as a small/mid-cap regional crude and natural gas midstream platform; CFO Adam Klunzinger previously served as Controller at Tall Oak.
• Rose Rock Midstream: SemGroup/Energy Transfer-affiliated midstream entity historically providing crude gathering, transportation, and marketing services across the Midcontinent. John Caldwell and David Clemens both worked at Rose Rock, underscoring operational comparability with CP Energy.
• Blueknight Energy Partners: Midcontinent-focused midstream company providing crude oil gathering, transportation, and storage services across Oklahoma, Kansas, and Texas. Directly comparable in business mix (crude trucking, gathering, terminals) and regional footprint to CP Energy.
• Bridger Pipeline / Bridger Logistics: Crude oil and produced water midstream operator with gathering systems and terminals across the Bakken, Powder River, and other US basins. Comparable in offering crude transportation, terminal, and gathering services to producers.
• Mission Petroleum Carriers: Crude oil trucking and logistics services provider operating in the Midcontinent and other US producing regions. Directly comparable as a crude-hauling competitor; David Clemens (CP Energy VP of Transportation) previously held management roles at Mission Petroleum Carriers.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Cpenergy
• LinkedInlinkedin.com/company/cp-energy-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CP Energy