NMD purchases crude oil logistics site to service Permian Basin

NuDevco Midstream Development LLC

NuDevco Midstream Development LLC (NMD), sponsor of Marlin Midstream Partners LP (Nasdaq:FISH), a Delaware limited partnership, has purchased land in Eunice, New Mexico, to develop a crude oil terminaling site. Financial terms of the transaction were not disclosed.

The newly acquired New Mexico land includes rail spurs and truck siting. The site is being constructed to accommodate additional rail space and tank storage. Located in Lea County, New Mexico, the site targets the western Permian Basin, which encompasses the western part of Texas and the southeastern part of New Mexico. In addition to the land acquired in this transaction, NMD has continued to purchase assets in the crude oil value chain, including rail cars, crude oil trucks, stabilizer tower units, and storage tanks.

W. Keith Maxwell III, chairman and CEO of NMD and Marlin, commented, "We are pleased to announce the addition of these new assets in New Mexico, targeting the western Permian Basin's increasing demand for crude oil storage and transportation services. We plan on developing these new land assets over the next year as potential dropdown opportunities to Marlin."

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