Valero Energy Partners LP (NYSE: VLP) is buying oil and gas assets for $154 million.

The company is buying: the McKee Crude System, a Sunray, Texas-based system that includes 200 miles of oil pipelines, 20 crude oil truck unloading sites and 240,000 barrels of storage capacity; the Three Rivers Crude System, located in the Eagle Ford shale region in South Texas, that includes 11 truck unloading sites and a 1-mile pipeline; and the Wynnewood Products System, in Ardmore, Oklahoma, which has a 30-mile pipeline, and two tanks with 180,000 barrels of storage capacity.

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