October 3, 2014 [OPIS] - NGL Energy Partners LP said on Thursday that it plans to build a crude oil transloading facility, backed by executed producer commitments, capable of handling unit trains west of Albuquerque, N.M., 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.
It 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.
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.
