JP Energy Partners Acquires Falco Energy Transportation
IRVING, TEXAS – August 1, 2012 – JP Energy Partners, LP, (“JP Energy”), is proud to announce the completion of the acquisition of Falco Energy Transportation, LLC (“Falco”). Falco currently operates approximately ninety crude oil transports in both the Bakken and Eagleford shale.
J. Patrick Barley, President and Chief Executive Officer of JP Energy, stated, “This transaction represents the next step in JP Energy’s transformation into a more diversified company and gives us a strong foundation to provide crude oil gathering services for both refiners and producers.”
JP Energy Partners was formed in 2010 to focus on developing a platform of assets to provide refinery services. JP Energy currently owns these assets through its subsidiaries Pinnacle Propane, JP Crude Oil Services and JP Refined Products. The ownership and management team of JP Energy bring extensive experience and a history of success in the energy business. More information about JP Energy Partners and Pinnacle Propane can be found at www.jpenergypartners.com and www.pinnpropane.com.
About JP Energy Partners
JP Energy Partners was formed in 2010 to focus on opportunities to acquire and consolidate propane related businesses in the United States. JPE’s principal business largely consists of the retail, marketing, sale and distribution of propane to residential, commercial and industrial customers. JPE currently owns retail propane operations under the name Pinnacle Propane in New Mexico, Oklahoma and Texas, as well as 18 community propane systems under the name Alliant Gas LLC throughout central Texas. The ownership and management team of JP Energy Partners brings extensive experience and a history of success in the energy business. More information about JPE and its subsidiaries can be found at www.jpenergypartners.com.
Posted: August 1, 2012