Blueknight Energy Establishes Corporate Headquarters In Oklahoma City

Blueknight Energy Partners, L.P. (“Blueknight” or the “Partnership”) (NASDAQ: BKEP) (NASDAQ: BKEPP), a midstream energy company, today announced it has established its corporate headquarters in Oklahoma City’s historic Mid-Town Automobile Alley area.

“The designation of our new Oklahoma City corporate headquarters in the historic Mid-Town district fits within our long-term growth plan to elevate our presence and pursue opportunities with energy companies operating in this part of the country,” said Michael Cockrell, president and chief operating officer of Blueknight. “Oklahoma City has positioned itself as a top-tier location for energy companies and corporate headquarters, and we are pleased to contribute to that distinction.”

Blueknight provides integrated services for companies engaged in the production, distribution and marketing of crude oil, asphalt and other petroleum products. It offers terminalling, storage, processing, gathering and transportation services. The partnership operates a crude oil terminal at the Cushing Oklahoma Crude Oil Interchange where it also maintains 6.6. million barrels of storage. The company’s pipeline, trucking and asphalt operations stretch across Oklahoma, Texas and 22 other states.

Last September, the company announced it would move its Edmond, Oklahoma regional office to a larger space in the historic Mid-Town area of Oklahoma City in order to provide a more convenient location for its central Oklahoma workforce, move closer to the energy hub in Oklahoma City, and accommodate future growth. The partnership’s new corporate address is:

Blueknight Energy Partners201 NW 10th, Suite 200Oklahoma City, OK 73103

Blueknight will maintain its regional office in Tulsa where its accounting, financial services, human resources and information technology functions are located.

“We have talented leadership in Tulsa and an excellent workforce,” Cockrell said. “Today’s technologies, along with the close proximity between the two cities, make operations virtually seamless between the two offices. Tulsa remains an important location to us.”

“This new space allows us to consolidate some logistical and planning operations while enabling us to accommodate growth and future expansion,” said Duke R. Ligon, chairman of the Board of Directors. “Our decision to designate Oklahoma City as our corporate headquarters is a reflection of the city's supportive local business climate and strong energy-driven economy. In the past decade, Oklahoma City has emerged as a significant energy center, and Blueknight stands to benefit when it comes to attracting and retaining management and technical talent. We are proud to add our name to the list of energy companies populating and growing downtown Oklahoma City,” he added.

The newly renovated building was originally the home of the 1925 Packard dealership. The firm had a sales office on Broadway, as well as the primary offices at the 10 th and Robinson location.

“We congratulate Blueknight Energy on their new headquarters location,” said Roy Williams, president and CEO of the Greater Oklahoma City Chamber. “Their new location is a testament to the growing strength of Oklahoma City as a headquarters location for energy companies.”

“We are delighted to locate in Mid-Town, an area of Oklahoma City currently in the midst of a true renaissance,” Cockrell said. “We have been warmly welcomed by the local business community.”

About Blueknight Energy Partners

Blueknight owns and operates a diversified portfolio of complementary midstream energy assets consisting of approximately 7.8 million barrels of crude oil storage located in Oklahoma and Texas. In addition, the company has approximately 6.6 million barrels of crude oil storage located at the Cushing Oklahoma Interchange. The company also operates 1,289 miles of crude oil pipeline located primarily in Oklahoma and Texas, approximately 280 crude oil transportation and oilfield service vehicles deployed in Kansas, Colorado, New Mexico, Oklahoma and Texas, and approximately 7.2 million barrels of combined asphalt product and residual fuel oil storage located at 44 terminals in 22 states.

For more information, visit the Partnership's web site at www.bkep.com.

Copyright Business Wire 2010

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