Blueknight Energy Partners
Blueknight Energy Partners, L.P. was a publicly traded MLP providing crude oil terminalling, storage, processing, gathering, and transportation services across North America, anchored by approximately 6.6 million barrels of storage at Cushing, Oklahoma. The company has been acquired.
- Company typePublic
- Founded2007
- HeadquartersOklahoma City, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Blueknight Energy Partners does
Blueknight Energy Partners, L.P. (NASDAQ: BKEP) was a publicly traded master limited partnership (MLP) headquartered in Oklahoma City that provided terminalling, storage, processing, gathering, and transportation services for crude oil and liquids across North America. The company's operations were anchored by approximately 6.6 million barrels of crude oil storage capacity at Cushing, Oklahoma — the physical delivery point for U.S. crude oil futures — making it a participant in the U.S. energy infrastructure value chain.
The partnership operated under a fee-based contract storage model typical of midstream MLPs, generating revenue through capacity reservation and throughput fees paid by producers, traders, and refiners who stored crude at its terminals. Detailed product segmentation, pricing tiers, and customer-level disclosures are not available in the source data. Its operational footprint was concentrated in the Mid-Continent / Midwest United States, with Cushing as the strategic core.
Following the Q1 2021 divestiture of its Cushing storage assets to Enbridge, Blueknight underwent further strategic repositioning and was ultimately sold and taken private under the leadership of CEO Andrew Woodward. The company is no longer independently operating, and the acquiring entity is not identified in the available sources. The Ergon Asphalt & Emulsions website content included in the input appears unrelated to Blueknight and has been excluded from this analysis.
Blueknight Energy Partners firmographics
Firmographics- Name
- Blueknight Energy Partners
- Legal name
- Blueknight Energy Partners, L.P.
- Website
- https://bkep.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Short description
- Blueknight Energy Partners, L.P. was a publicly traded MLP providing crude oil terminalling, storage, processing, gathering, and transportation services across North America, anchored by approximately 6.6 million barrels of storage at Cushing, Oklahoma. The company has been acquired.
- Ownership category
- akta.pro rank
Blueknight Energy Partners industry classification
Industry- Product category
- Midstream Energy Services
- NAICS
- Petroleum Bulk Stations and Terminals (424710), Pipeline Transportation of Crude Oil (486110)
- SIC
- Wholesale-Petroleum Bulk Stations & Terminals (5171), Pipe Lines (No Natural Gas) (4610)
- akta.pro primary industry
- Crude Oil & Condensate Terminals (Tank Farms, Marine/Truck/Rail Loading) (EUALAEAA)
- akta.pro secondary industry
- Tank Leasing & Third-Party Storage Operators (EUALAEAF)
Keywords
Where Blueknight Energy Partners is headquartered
LocationHeadquarters
- HQ city
- Oklahoma City
- HQ country
- United States
- HQ region
- North America
Markets served
Blueknight Energy Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel
Blueknight Energy Partners product offering
Product offeringCore offering
Blueknight Energy Partners, L.P. offered terminalling, storage, processing, gathering and transportation services for crude oil and liquids to energy industry customers. The partnership's operations included approximately 6.6 million barrels of storage capacity at the Cushing, Oklahoma hub, a critical U.S. crude oil pricing and delivery point. Services were provided under midstream energy infrastructure contracts to producers, refiners, and traders across North America.
Product overview
Blueknight Energy Partners, L.P. (BKEP) was a publicly traded energy infrastructure company that operated crude oil and liquids storage terminals across North America. The company provided contract storage services for crude oil and liquids, with operations including facilities at Cushing, Oklahoma. The company underwent strategic repositioning and was successfully sold. The source data does not contain detailed information about individual product names or service modules.
Differentiator
Problem solved
Functional benefit
Products and services
- Crude Oil and Liquids Storage Services Large-scale contract storage of crude oil and liquids provided to producers, refiners, and traders. Operations included approximately 6.6 million barrels of storage capacity at the Cushing, Oklahoma hub.
- Terminalling Services Terminalling services for crude oil and liquids at Blueknight's operated terminals, provided to energy industry customers in the U.S. Midwest.
- Gathering Services Gathering of crude oil and liquids from production sources to Blueknight's midstream systems for downstream processing, storage, or transportation.
- Processing Services Processing of crude oil and liquids as part of Blueknight's integrated midstream service offering to energy industry customers.
- Transportation Services Pipeline transportation of crude oil and liquids across Blueknight's midstream network to storage terminals and downstream markets.
Companies that use Blueknight Energy Partners
Customer profileIdeal customer profiles1 record
Blueknight Energy Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Blueknight Energy Partners partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights2 records
Blueknight Energy Partners competitors and assessment
Company assessmentBroad incumbents
- ONEOK: Major midstream operator with NGL and natural gas gathering/processing plus refined products and crude exposure after its acquisition of Magellan. Adjacent but broader competitor to Blueknight in contract storage and terminalling.
- Kinder Morgan: One of the largest U.S. midstream operators with extensive crude oil, refined products, and NGL terminals and pipelines. Comparable to Blueknight as a broad incumbent serving overlapping customers across the same petroleum logistics value chain.
- Targa Resources: Large midstream operator focused on natural gas and NGL gathering/processing, with crude oil logistics exposure. Overlaps with Blueknight in terminalling, storage, and gathering services for energy liquids.
Direct peers
- Holly Energy Partners (now HF Sinclair): Refined products logistics MLP that operates pipelines, terminals, and storage assets tied to refinery complexes. Comparable to Blueknight in petroleum logistics and third-party terminalling economics.
- Phillips 66: Integrated energy major with significant crude oil and refined product storage and terminalling operations at Cushing, Oklahoma. Directly comparable to Blueknight in third-party storage and terminaling services at the same hub.
- Plains All American Pipeline: Crude oil midstream MLP with major gathering, transportation, storage, and terminalling operations across North America, including at Cushing. Directly comparable to Blueknight in crude oil logistics and contract storage.
- Magellan Midstream Partners (now part of ONEOK): Long-haul refined products and crude oil pipeline and terminal operator with major Cushing, Oklahoma storage assets. Highly comparable to Blueknight in that it competed head-to-head for contract storage, terminalling, and pipeline transportation of crude and refined liquids across the Mid-Continent.
- NuStar Energy (now Sunoco LP): Operator of petroleum and refined products pipelines, terminals, and storage facilities across the U.S. Directly comparable to Blueknight in fee-based terminalling and storage of crude and refined products.
- SemGroup (now Energy Transfer): Midstream operator of crude oil gathering, transportation, storage, and marketing that historically had significant Cushing-area operations. Direct peer to Blueknight in contract storage and crude logistics at the Cushing hub.
- Enbridge: North American midstream leader that directly acquired Blueknight's Cushing storage in 2021. Operates crude oil contract storage terminals across North America and is the most direct competitive and transactional counterparty to Blueknight's legacy business.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Blueknight Energy Partners social profiles
Digital presenceBlueknight Energy Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blueknight Energy Partners leadership team
Management profileNumber of profiles
Blueknight Energy Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blueknight Energy Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blueknight Energy Partners
What does Blueknight Energy Partners do?
Blueknight Energy Partners, L.P. offered terminalling, storage, processing, gathering and transportation services for crude oil and liquids to energy industry customers. The partnership's operations included approximately 6.6 million barrels of storage capacity at the Cushing, Oklahoma hub, a critical U.S. crude oil pricing and delivery point. Services were provided under midstream energy infrastructure contracts to producers, refiners, and traders across North America.
Is Blueknight Energy Partners a public or private company?
Blueknight Energy Partners is a public company. It is classified as public and is currently acquired.
When was Blueknight Energy Partners founded?
Blueknight Energy Partners was founded in 2007. It employs 1,001 to 5,000 people.
Where is Blueknight Energy Partners based?
Blueknight Energy Partners is headquartered in Oklahoma City, United States, in the North America region.
Who are Blueknight Energy Partners's main competitors?
Broad incumbents on record are ONEOK, Kinder Morgan and Targa Resources. Direct peers are Holly Energy Partners (now HF Sinclair), Phillips 66, Plains All American Pipeline, Magellan Midstream Partners (now part of ONEOK), NuStar Energy (now Sunoco LP), SemGroup (now Energy Transfer) and Enbridge.
Does Blueknight Energy Partners have an API?
No public API is recorded for Blueknight Energy Partners.
What industry is Blueknight Energy Partners in?
Blueknight Energy Partners's product category is Midstream Energy Services. Its primary akta.pro industry code is EUALAEAA, Crude Oil & Condensate Terminals (Tank Farms, Marine/Truck/Rail Loading), with a secondary code of EUALAEAF, Tank Leasing & Third-Party Storage Operators. Its NAICS code is 424710 and its SIC code is 5171.