NGL to develop crude oil transloading facility near Albuquerque

NGL Energy Partners LP

NGL Energy Partners LP (NYSE:NGL) 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 Co. transcontinental mainline.

The terminal is expected to be completed in the third quarter of 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.

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