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, Sunray (McKee refinery), Houston, Three Rivers and Corpus Christi (Bill Greehey refineries), Texas; Meraux and Norco (St. Charles refinery), Louisiana; Memphis, Tennessee; and Ardmore, Oklahoma.
The Port Arthur Logistics System includes the Lucas Crude System, the Port Arthur Products System and the Port Arthur Terminal.
The McKee Logistics System consists of the McKee Crude System, the McKee Products System and the McKee Terminal.
The Memphis Logistics System includes the Collierville Crude System and the Memphis Products System.
The Ardmore Logistics System consists of the Wynnewood Products System and the Ardmore Crude System.
The St. Charles Logistics System consists of the St. Charles Terminal and the Parkway Pipeline.
The Three Rivers Logistics System includes the Three Rivers Crude System and the Three Rivers Terminal.
The Houston Terminal is a crude oil, intermediates and refined petroleum products terminal.
The Corpus Christi Terminals move crude oil, intermediates and refined petroleum products for the Bill Greehey refineries’ east and west plants.
The Meraux Terminal is a crude oil, intermediates and refined petroleum products terminal.
These assets are integral to the Valero refining and marketing operations they support.