Transaction Overview

Janney Montgomery Scott (“Janney”) is pleased to share that it has served as exclusive financial advisor to Vitol Red River Holding LLC (“Vitol”, or “Vitol U.S. Holdings”) on the sale of its ~50% equity in both Red River Crude Oil LLC (“Red River”) and Texoma Crude Oil Pipeline Company LLC (“Texoma Pipeline”), along with associated crude oil system inventory and tank bottoms to a wholly owned subsidiary of MVP Purchasing (“MV Purchasing”, or “MVP”) for an undisclosed amount.

Texoma Pipeline is an ~550 mile bi-directional crude oil gathering and transportation pipeline that spans across southern Oklahoma and northern Texas, with 17 active truck offload stations and ~784k bbls of associated tankage. The Texoma Pipeline system has the ability to deliver crude to major crude market centers in Oklahoma and Texas. Red River is a crude oil marketing company that has relationships with over 300 E&P producers, and actively purchases crude from over 16,000 wells in Southern Oklahoma and North Texas.

About Vitol U.S. Holdings

Vitol U.S. Holdings operates as an energy and commodities trading company based in Houston, Texas. Vitol U.S. Holdings operates as a subsidiary of Vitol Holding B.V., which was founded in Rotterdam in 1966 and serves clients from some 40 offices worldwide and is invested in energy assets globally.

About MVP Purchasing

MVP Purchasing (“MVP”) is a privately-owned energy logistics company headquartered in Wichita, KS. MVP and its subsidiaries provide gathering, transportation, processing, storage, distribution, marketing, and other midstream services to independent oil and natural gas producers, refiners of petroleum products, and other market participants located throughout the United States.