27 February 2012 17:00 [Source: ICIS news]
HOUSTON (ICIS)--A new rail terminal in Pecos, Texas is being built to serve the oil and gas industry in the Permian Basin, US-based pipeline and energy services company Kinder Morgan said on Monday.
The initial stage of the terminal will be finished in May. Companies will have immediate access natural gas liquids (NGL) storage, takeaway and fractionation services, Kinder Morgan said.
Additionally, producers will have access to Louisiana sweet crude oil markets.
Once the complete, the terminal will be able to service 300 to 600 railcars per day.
“Crude oil, natural gas liquids, hydraulic fracturing sand, pipe, tube, structural steel, rig mats and other commodities can be railed in and out and transloaded to truck for delivery to the surrounding area,” Kinder Morgan said.
Pecos Valley Producer Services, a joint venture between Kinder Morgan and Martin Midstream Partners, will operate the terminal. Martin Midstream provides gathering, transportation, storage and other services to the oil and gas industry.
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