Emerge Energy Services LP Announces a New Terminal Opening in Western Canada
16 Julho 2018 - 5:30PM
Fort Worth, Texas
- July 16, 2018 - Superior Silica Sands LLC, a subsidiary of
Emerge Energy Services LP ("Emerge Energy"), is pleased to announce
that it has signed an agreement with a third-party logistics
provider, Torq Energy Logistics Ltd. ("Torq"), to open a new frac
sand terminal in Buick, British Columbia. Including this new
terminal, Emerge Energy will have four strategically-located
Western Canadian terminals and 12 total active terminals across
North America.
Emerge Energy has contracted with
a third-party terminal operator to provide flexibility and minimize
capital costs, and the facility is being built for Emerge Energy's
exclusive use. Torq is a leading energy logistics company that
operates seven rail terminals in Western Canada and will construct
and operate the facility while offering 24/7 service to meet the
needs of Emerge Energy's customers. Situated on 10 acres of
property, the terminal is located on the Canadian National Railway
("CN"), which provides a strategic, one-line haul from Emerge
Energy's Barron, Wisconsin facility. Construction of the terminal
is expected to be completed by the middle of August, and the site
will initially accept manifest shipments with rail-to-truck storage
capacity for 45 railcars. The terminal also has the capability to
expand to handle unit train shipments.
"This new terminal in Buick
highlights the importance of Western Canada to our business and our
commitment to serving key customers in the growing Montney shale
play," commented Rick Shearer, Chief Executive Officer of the
general partner of Emerge Energy. "We continue to see the Western
Canadian region as one of our home markets since we have low-cost,
direct access on the CN and long-standing relationships with
customers active in the area. The CN has been a crucial partner for
over six years, and we are excited about enhancing this
relationship as we expand our presence in Western Canada.
Contracting with Torq is also exciting in that we are furthering
our strategy of using third-party terminal providers to capitalize
on their logistics and operating expertise while we preserve our
capital for high-return mining and processing projects. Torq has a
strong reputation in the energy logistics industry, and we are
confident that they will do an outstanding job managing this
important facility. Finally, we are in the late stages of
contracting with a key Canadian customer on a take-or-pay basis. We
look forward to a bright future for northern white sand demand in
the Western Canadian market."
About Emerge Energy Services LP
Emerge Energy Services LP (NYSE:
EMES) is a growth-oriented limited partnership engaged in the
business of mining, producing, and distributing silica sand, a key
input for the hydraulic fracturing of oil and natural gas wells,
through its subsidiary Superior Silica Sands LLC.
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information contained therein.
Source: Emerge Energy Services LP via Globenewswire
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