NGL Energy Partners LP (NYSE:NGL) today announced plans to build a crude
oil transloading facility, backed by executed producer commitments,
capable of handling unit trains west of Albuquerque, New Mexico in the
San Juan Basin. The terminal, which will be constructed on 256 acres
recently acquired by NGL, will provide producers with new options for
reaching multiple domestic markets via an interconnect with the BNSF
Railway Company transcontinental mainline.
The terminal is expected to be completed in the third quarter of
calendar 2015 and will have multiple inbound truck unloading bays, an
initial outbound capacity of at least two unit trains per week, and over
240,000 barrels of storage.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and
operates a vertically integrated energy business with five primary
segments: water solutions, crude oil logistics, NGL logistics, refined
products/renewables and retail propane. NGL completed its initial public
offering in May 2011. For further information, visit the Partnership’s
website at www.nglenergypartners.com.
Forward-Looking Statements
This press release includes “forward-looking statements.” All statements
other than statements of historical facts included or incorporated
herein may constitute forward-looking statements. Actual results could
vary significantly from those expressed or implied in such statements
and are subject to a number of risks and uncertainties. While NGL
believes its expectations as reflected in the forward-looking statements
are reasonable, NGL can give no assurance that such expectations will
prove to be correct. The forward-looking statements involve risks and
uncertainties that affect operations, financial performance, and other
factors as discussed in filings with the Securities and Exchange
Commission. Other factors that could impact any forward-looking
statements are those risks described in NGL’s annual report on Form
10-K, quarterly reports on Form 10-Q, and other filings with the
Securities and Exchange Commission. You are urged to carefully review
and consider the cautionary statements and other disclosures made in
those filings, specifically those under the heading “Risk Factors.” NGL
undertakes no obligation to publicly update or revise any
forward-looking statements except as required by law.
Copyright Business Wire 2014