By the OGJ editors
HOUSTON, Apr. 8 -- Black Hills Energy Inc., a unit of Black Hills Corp., Rapid City, SD, acquired Equilon Pipeline Co. LLC's outstanding interests in Millennium Pipeline Co. LP and Millennium Terminal Co. LP, both based in Houston. Black Hills had originally held a one-third interest in the pipeline. The purchase will give Black Hills 100% ownership in the Millennium companies, it said.
The value of the deal was not disclosed.
Millennium Pipeline owns and operates a 200 mile, 12-in., 65,000 b/d crude oil system that extends from Beaumont, Tex., to Longview, Tex. Millennium Terminal has 1.1 million bbl of oil storage in Beaumont.
"The Millennium system is presently operating near capacity through shipper agreements," Black Hills said.