Centurion Midstream Group, LLC is pleased to announce that it has acquired Permian Crude Transport, LLC and its affiliates (“PCT”). PCT is a growing provider of integrated crude logistics services with operations throughout the Permian Basin.
“Permian Crude Transport has an impressive track record for growth that will fit with our significant investment in West Texas storage, pipeline and rail assets,” said Tom Ramsey, CEO of Centurion. “The platform that PCT provides for the mid and back office operations will allow us to grow in the most efficient manner,” followed John Calce, President of Centurion. Jarrett Vick, President of PCT, stated, “Working with such a dynamic, growth-oriented company will allow us to best leverage our asset base and our customer relationships.” PCT will operate as a separate, wholly-owned subsidiary of Centurion and Mr. Vick will remain as President.”
Centurion is a private company that owns, operates and is constructing multiple midstream assets including crude oil and condensate storage and unit train transloading in Orla and Pecos, Texas; and unit train receiving, multi-commodity storage and refined products production and distribution at the Brownsville Texas Ship Channel. Centurion’s Orla and Pecos, Texas terminals will include 500,000 barrels of crude and condensate storage, two 40 mile pipelines, unit train loading facilities and serve multiple producers in the prolific Delaware Basin. Centurion’s Brownsville Terminal is comprised of 280 contiguous acres at the Port of Brownsville and is designed to accommodate condensate processing and storage for crude and refined products. It will be capable of accommodating up to 8 million barrels of operational storage, refining capacity of up to 100,000 barrels a day of diesel, naphtha and gasoline, unit train receiving accommodating 600 rail cars, dock access to service waterborne markets, crude/condensate truck unloading and refined products truck loading and state of the art safety, chain of custody, quality control and inspection.
PCT has grown to become one of the largest crude oil transportation companies in the Permian Basin, driven by its best-in-class customer service and differentiated business model. PCT’s extensive fleet of crude hauling tractor-trailers and strategically located network of pipeline injection stations connect active Permian crude oil producers with downstream markets. With long-standing relationships with some of the most active producers in the prolific Permian Basin, PCT is well-positioned to capitalize on the growing demand for crude logistics services across the region. PCT was advised by Simmons & Co. International.