Blue Dolphin enters the Eagle Ford Shale processing game through its latest acquisition. The facility sits near Nixon, TX, between Gonzales County and Wilson County. Processing capacity is 15,000 barrels per day with storage capacity of 295,000 barrels.
"Houston-based Blue Dolphin Energy Co. (OTCQB: BDCO) has acquired a processing facility in the Eagle Ford shale play."
"Blue Dolphin bought the 56-acre Nixon Crude Processing Facility from a privately held company in an all stock transaction."
"The Nixon Facility is in the final phase of refurbishment and should restart this quarter."
The processing facility is actually an idled refinery that Blue Dolphin will likely refurbish and bring back online.