Source: The Broe Group
The Broe Group today announced that Musket Corp. will establish a crude-oil export terminal within the Great Western Industrial Park on a newly-constructed loop track on the Great Western Railway. Due to the abundance of existing infrastructure, the site is easily scalable beyond the initial loading capacity of 5.8 million barrels per year.
"With increasing oil production in the Denver - Julesburg (DJ) Basin and exploration of the Niobrara Formation, Northern Colorado needs a rail-served solution to efficiently transport crude-oil unit trains," said Rich Montgomery , vice president of The Broe Group, based in Denver, Colorado . "Our expertise in land development, railroads and energy will enable us to continue bringing solutions like this to the region."
"The Windsor facility is a great addition to our service platform, allowing customers to take advantage of the promising opportunities surrounding the Niobrara shale play," said J.P. Fjeld-Hansen , managing director of Musket Corp., based in Houston, Texas . "Musket was one of the first to make an investment in a pipeline-by-rail terminal in North Dakota 's Bakken shale play, which has become a success. We are excited to extend this strategy to the DJ Basin."
Financial terms of the transaction were not disclosed.
Today's announcement follows the recent acquisition by Windsor Renewal 1, an affiliate of The Broe Group, of 320 acres of former Eastman Kodak Company property. Some of that property, now part of the 1,800-acre Great Western Industrial Park, will become the site of the Musket pipeline-by-rail facility. Fuel-storage tanks on the site, with a total capacity of 48,000 barrels, will be converted for crude oil storage. The terminal is intended to be unit-train capable.
Separately, the Great Western Railway will extend its railroad track to complete a four-mile long loop track within the Great Western Industrial Park to serve the Musket facility and other users within the park. The rail loop will add capacity to address the growing demand for rail service.
Great Western Railway interchanges with both the Burlington Northern Santa Fe and Union Pacific railroads. The Great Western Industrial Park's location, competitive rail service, and infrastructure have made it a center of manufacturing in the region. For more, see www.greatwesternindustrialpark.com.
The Broe Group and Musket Corp. to pursue pipeline-by-rail solution within Great Western Industrial Park
Source: The Broe Group