Twin Eagle Sand Logistics Acquires Terminaling Asset from Process Transloading Bridgeport
HOUSTON–September 21, 2017–(BUSINESS WIRE)–Twin Eagle Sand Logistics, LLC (“Twin Eagle”), a subsidiary of Twin Eagle Resource Management, LLC, announced today that it acquired a frac sand terminaling asset near Bridgeport, West Virginia from Process Transloading Bridgeport. The Bridgeport Terminal is well positioned to serve the southern Utica and Marcellus sand logistic markets with over 130 railcar spots and 20k tons of flat and silo storage.
The terminal represents Twin Eagle’s entry into the growing Northeast sand logistics market. Twin Eagle is one of the largest frac sand terminal developers and operators in the country with assets in the Eagle Ford, Permian, DJ and Powder River Basins. Twin Eagle’s current terminals, combined, control over 1,600 rail car spaces with nearly 85,000 tons of storage capacity. In addition, Twin Eagle is also constructing 30,000 tons of silo capacity in Big Spring, Texas.
“We believe the Marcellus and Utica Basins, while established have significant growth potential given sand technology advancements and infrastructure additions needed to address logistical constraints,” said Griff Jones, Twin Eagle’s Chief Executive Officer. “We are excited to expand our terminaling footprint into the Northeast as we look for ways to better serve our customers across the Twin Eagle network.”
About Twin Eagle Resource Management, LLC
Headquartered in Houston, Texas, Twin Eagle provides midstream energy and wholesale energy services focused on creating value for our customers throughout North America. Twin Eagle was founded in 2010 and has since grown to more than 400 energy professionals under the Twin Eagle name, all committed to serving clients with a customer-driven focus and cross-commodity approach. Through its Wholesale business unit, Twin Eagle is a leader in the wholesale marketing of energy-related commodities including natural gas, power, and environmental products and services. Through its Midstream business unit, named Twin Eagle Midstream, Twin Eagle owns and operates crude oil and frac sand logistical assets and provides related marketing of crude oil and natural gas liquids.