Twin Eagle Sand Logistics LLC, a subsidiary of Twin Eagle Resource Management LLC, announced on May 24 plans to further expand the Permian Rail Park to meet the strong demand of the Midland Basin.
The Permian Rail Park is located on the Union Pacific Railway about eight miles west of the city of Big Spring in West Texas. The 530-acre rail park is Houston-based Twin Eagle’s fifth terminal development and is one of the largest sand terminals in the country by acreage.
Griff Jones, Twin Eagle's CEO, said he expects the park to eventually include a thousand or more rail car spots with more than 100,000 tons of storage.
Phase III of the unit train capable rail park will include the development of the rail park’s 150-acre Lot 2 parcel.
The new development of Lot 2 will feature 30,000 tons of rail accessible vertical silo storage. Phase III of the park will break ground next month and will be completed by first-quarter 2018.
"The Permian Basin is the strongest frack sand demand center in the country employing almost 50% of the active rigs in the United States," Jones said in a statement. "The first quarter of 2017 has been an exciting time of growth for the Permian Rail Park and our terminal network."
Phase I was completed in February 2016 and comprised 33,000 feet of rail track for rail-to-truck frack sand transloading services. Phase II of the park includes 15,000 tons of flat storage, 7,800 feet of additional rail track and a 50% expansion of the transload road.
Twin Eagle also manages two other frack sand terminals in the Permian Basin for third-party customers.
Recommended Reading
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
2024-04-26 - Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.
Apollo to Buy, Take Private U.S. Silica in $1.85B Deal
2024-04-26 - Apollo will purchase U.S. Silica Holdings at a time when service companies are responding to rampant E&P consolidation by conducting their own M&A.
Deep Well Services, CNX Launch JV AutoSep Technologies
2024-04-25 - AutoSep Technologies, a joint venture between Deep Well Services and CNX Resources, will provide automated conventional flowback operations to the oil and gas industry.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.