Valero Energy Partners LP (NYSE: VLP) began trading on the New York Stock Exchange on Dec. 11, 2013. Headquartered in San Antonio, Texas, Valero Energy Partners is a fee-based, growth-oriented, traditional master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets.
The partnership serves as Valero’s primary vehicle to expand the transportation and logistics assets supporting its business. Assets consist of crude oil and refined petroleum products pipeline and terminal systems in the Gulf Coast and Mid-Continent regions of the United States, which are integral to the operations of Valero’s refineries located in Port Arthur, Texas; Sunray, Texas (McKee refinery); Memphis, Tenn.; Ardmore, Okla.; Houston and Three Rivers, Texas; Norco, La. (St. Charles refinery); and Corpus Christi, Texas (Bill Greehey refineries).
The Port Arthur Logistics System includes the Lucas Crude System and the Port Arthur Products System. The McKee Logistics System consists of the McKee Crude System and the McKee Products System.
The Memphis Logistics System includes the Collierville Crude System and the Memphis Products System. The Wynnewood Products System is the primary distribution outlet for the Ardmore refinery. The Three Rivers Crude System connects domestically produced crude oil to the Three Rivers refinery.
The Houston Terminal is a crude oil, intermediates and refined petroleum products terminal that supports the Houston refinery. The St. Charles Terminal is a crude oil, intermediates and refined petroleum products terminal serving the St. Charles refinery.
The Corpus Christi Terminals operate crude oil, intermediates and refined petroleum products terminals that support the Bill Greehey refineries east and west plants.
These assets are integral to the Valero refining and marketing operations they support.