Howard Energy Partners is set to invest $100 million total in a processing plant in Webb County and a rail facility Live Oak County. [Read more…]
The Live Oak Railroad will be breaking ground in November with plans to open in the first half of 2013. The new rail facility will include 28,000 ft of track located just south of Three Rivers. The facility has a great location almost halfway between San Antonio and Corpus Christi. If you have noticed, there has been a dramatic rise in rail traffic in South Texas related to the Eagle Ford boom.
Three other major railroad sites have grown significantly in recent times:
The Live Oak Railroad is being built by a partnership between Howard Energy Partners and local real estate developers. The primary purpose of the facility is to move liquid hydrocarbons – condensate, NGLs, and oil. [Read more…]
GE Financial Services has acquired a 30.6% stake in South Texas midstream operator Howard Energy Partners. The amount paid was not disclosed, but we do know what the company is doing with the proceeds. Howard Energy will use the money to partially fund the acquisition of Meritage Midstream Services. [Read more…]