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Delek Logistics Partners, LP Closes Acquisition of Gravity Water Intermediate Holdings LLC

Jan 03, 2025•over 1 year ago

Contract Type

partnership

United StatesEnergyOil And GasNatural ResourcesTransportationLogistics

Description

Delek Logistics Partners, LP announced the closing of the acquisition of Gravity Water Intermediate Holdings LLC. This partnership represents a significant step in DKL’s commitment to provide midstream services in the Permian Basin, especially in the areas of water systems and produced water gathering and transportation assets.

Company Information

Company

Delek Logistics Partners

Location

United States

About

Delek Logistics Partners, LP is a master limited partnership that focuses on logistics and transportation of petroleum products, specifically crude oil and refined products. The company operates through its extensive network of pipelines, terminal facilities, and storage facilities, primarily serving the energy sector. Located in Brentwood, Tennessee, Delek Logistics is involved in the gathering, processing, and transportation of hydrocarbons across key geographic markets in the United States. They are registered on the New York Stock Exchange under the ticker symbol DKL. Recent developments include strategic initiatives to enhance infrastructure and improve service efficiency to meet the growing demands in the oil and gas industry.

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