Twin Eagle Resource Management, LLC Enters Into Agreement With GT Logistics, LLC To Exclusively Market Rail Trans-Loading Capacity And Plans To Construct Storage Tanks At GT Omniport Terminal In Port Arthur, Texas
Twin Eagle Resource Management, LLC announced today that it has entered into a marketing agreement with GT Logistics, LLC to exclusively market crude oil rail trans-loading capacity at the GT OmniPort facility located in Port Arthur, TX.
GT Logistics, LLC, owner and operator of the GT OmniPort facility, has constructed and operates the unit train facility. The facility, which has about eight miles of track, 18 rail car unloading racks and a two station barge dock, maintains direct rail service with the Union Pacific (UP) and Burlington Northern Santa Fe (BNSF) rail lines. The facility has direct access to the Intercoastal Waterway and will have deep water access after further capital investment.
GT OmniPort began operations in September, 2012 and is currently operational with full unit train and barge capabilities. Current capacity is 100,000 barrels per day.
Along with the exclusive marketing arrangement, Enserco Midstream, LLC, a privately held subsidiary of Twin Eagle Resource Management, LLC, plans to construct four crude oil storage tanks at the GT OmniPort facility that are expected to be operational in the third quarter of 2013. These tanks will provide GT OmniPort with the added flexibility of handling different grades of crude. In the near future, the parties intend to construct additional storage capacity and to establish pipeline connectivity with refiners and other markets in the area.
GT OmniPort is located adjacent to the Port Arthur refinery community, which has demand for about two million barrels of crude oil per day. GT OmniPort is uniquely positioned to supply these refineries with a wide variety of crude types, including U.S. domestic light sweet oil, conventional Canadian heavy crude and un-diluted Bitumen.
“We are pleased with our new association with GT Logistics and look forward to a long, mutually rewarding relationship. Our near term goal will be to maximize the current use of GT OmniPort and our longer term strategy will be to fully build out the capability of the facility so that it can provide high value services to the producer, refining and marketing community,” said Griff Jones, CEO and president of Twin Eagle Resource Management, LLC.
“We also welcome our new association with Twin Eagle Resource Management, LLC. GT Logistics has built a world-class facility and we believe it is an integral part of the movement of crude oil in the region. We are excited about the future of the facility and look forward to providing crude logistical solutions to customers in the region,” said Steve Birdwell, Chairman of GT Logistics, LLC.
Twin Eagle Resource Management, LLC is a leading energy commodity marketing company focused on customer relations, logistics and asset management. Twin Eagle has four primary divisions – natural gas, power, crude and coal – which work together to provide customers and counterparties solutions to their wholesale energy needs. Through its subsidiary, Enserco Midstream, LLC, Twin Eagle owns and operates crude oil logistical assets around North America and through its retail division, ENCOA, Twin Eagle provides retail electricity, natural gas, and energy solutions to end-use customers within deregulated markets. For more information, please visit www.termna.com.
GT Logistics, LLC is a privately held company that is the developer and operator of the GT OmniPort in Port Arthur, Texas, a multi-modal industrial park and liquids terminal offering unit train unloading at its 1,100 acre rail and barge terminal. GT Logistics also operates a 20 acre deepwater dock located on the Sabine Neches Waterway. For more information, please visit www.gtOmniPort.com.
Enserco Midstream, LLC is a privately held subsidiary of Twin Eagle Resource Management, LLC. Enserco Midstream owns and operates crude oil logistical assets in North Dakota, Montana and Wyoming and has plans to develop additional midstream assets in these areas as well as in other production areas and market zones around North America.
Copyright Business Wire 2013