Genesis to Expand Gulf Coast Rail Facility

Source: www.gulfoilandgas.com 5/21/2013, Location: North America

Genesis Energy, L.P. announced it will expand its existing rail terminal in Natchez, Mississippi designed to handle straight and/or minimally diluted bitumen delivered by the Canadian National Railway and construct a new unit train loading facility in the heart of the Powder River Basin of the Niobrara Shale Play (Pronghorn Rail Facility).

At the Natchez terminal, Genesis is finalizing Phase I of the facility which includes 40 railcar spots to be completed in June 2013. Due to significant demand for the flexible capacity at the facility, Genesis is moving forward with a Phase II expansion to provide an additional 60 railcarspots and additional heated tanksto be fully operational in late 2013.

After receiving all necessary permits in early April, Genesis hassince begun construction ofthe Pronghorn Rail Facility, a new unit train loading facility in the heart of Converse County, just north of Douglas, Wyoming. The unique location along the Orin Subdivision will make it the only unit train export facility in the Powder River Basin to be jointly served by each of the Burlington Northern Santa Fe Railway and Union PacificRailroad, providing maximum destination optionality for shippers. The facility will be tied-in to Genesis’ existing gathering system in the region and is expected to be fully operational in late 2013.

Genesis is finalizing the commercial agreements with a number of third-party customers that substantially underpin its investments at these two locations. The total cost to Genesis of the Natchez Phase II and Pronghorn Rail Facility projects is expected to be approximately $75 million. Genesis intends to finance the projects with funds available under its committed revolving credit facility.

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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


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