Kinder Morgan Energy Partners LP, Houston, (NYSE: KMP) has acquired an additional 50% interest purchase Battleground Oil Specialty Terminal Co. LLC (BOSTCO) project in the Houston Ship Channel from TransMontaigne Partners LP, Denver, (NYSE: TLP) for an undisclosed price.

Kinder Morgan Energy Partners now owns 98% of BOSTCO and began construction Dec. 14, 2011, on the new, approximately $430-million oil terminal. The remaining 2% will be held by a customer at the BOSTCO facility. The first phase of the project currently includes construction of 52 storage tanks that will have ...