CIG Logistics acquires rail facility from Flint Hills Resources

CIG Logistics, an oil and gas logistics provider, has acquired a 330-acre rail facility in Odessa, Texas, from Flint Hills Resources. The purchase price and terms of the acquisition, which closed on Sept. 29, were undisclosed.

The Odessa facility is a logistics hub for the energy industry that plays a role in the movement of crude oil and frac sand via rail and truck to and from the Permian Basin. The large-scale facility is served directly by the Union Pacific Railroad and has 29,000 feet of track including two unit train loop tracks and 10 ladder tracks.  

With the acquisition, CIG Logistics will strengthen its core business of transloading energy-related products, and the terminal's substantial size, railcar capacity, and location will enable the company to expand its logistics services to additional industries, which will include the construction, aggregate, chemical, and automotive sectors.

The site has the ability to load unit trains of crude oil and unload other bulk products. The Odessa terminal adds to CIG Logistics' expanding network and is the company's eighth transloading and storage facility located throughout Texas and New Mexico.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...