P lains All American Pipeline (PAA) has reached a $500 million deal to buy four rail facilities from U.S. Development Group. One of those facilities is part of the Gardendale Rail System near Cotulla, TX.
The four facilities are rail terminals:
- Van Hook Crude Terminal – New Town, ND (servicing the Bakken)
- Niobrara Crude Terminal – Carr, CO
- Eagle Ford Crude Terminal – Cotulla, TX
- St. James Rail Terminal – St. James, LA
The three crude terminals have daily loading capacity of 85,000 b/d and the rail terminal at St. James has unloading capacity of 140,000 b/d. An unloading facility is also planned for Bakersfield California. [Read more…]