Delek Logistics and Delek US Announce Midstream Growth and Increased Crude Oil Flexibility
Delek Logistics enters into Red River Pipeline Joint Venture
Delek US increases direct access to Cushing sourced crude oil
Delek US provides update on Krotz Springs operations

BRENTWOOD, Tenn.,  May 28, 2019  (GLOBE NEWSWIRE) --  Delek Logistics Partners, LP  (NYSE: DKL) (“Delek Logistics”) and  Delek US Holdings, Inc.  (NYSE: DK) (“Delek US”) announced today an acquisition to provide additional midstream growth and improved crude oil flexibility. An indirect, wholly-owned subsidiary of Delek Logistics purchased a 33 percent ownership interest for approximately  $128.0 million  in  Red River Pipeline Company, LLC  (“Red River”) from an affiliate of  Plains All American Pipeline, L.P.  (NYSE: PAA) to form a new joint venture that owns capacity on the Red River pipeline. Red River intends to proceed with an expansion project to increase the capacity of the pipeline from 150,000 barrels per day to 235,000 barrels per day. Also, Delek US will increase its direct access to crude oil originating in Cushing, Oklahoma from 35,000 barrels per day to 100,000 barrels per day utilizing a portion of the new capacity through a throughput and deficiency (“T&D”) agreement with the Red River joint venture.