ARB Midstream, LLC to Build Crude Oil Trans-Loading Terminal in DJ Basin

By: ARB Midstream, LLC
 
DENVER - Sept. 24, 2014 - PRLog -- Denver, CO - ARB Midstream, LLC announced today that it will build and operate a crude oil trans-loading terminal, the Niobrara Connector (“NiCon”), to serve producers and market participants in the greater DJ Basin – Niobrara shale play located in northeastern Colorado and southeastern Wyoming. The NiCon terminal will be located in Weld County near Evans, CO and will be a purpose built crude oil unit train facility with service provided by the Union Pacific Railroad.   The facility will be designed to accommodate multiple grades of crude oil typical of the DJ Basin production with initial storage capacity of 200,000 barrels, expandable to over 400,000 barrels.

The NiCon facility will have three rail loops with capacity to handle full 120 tank-car unit trains. Initially the site will be capable of receiving crude oil from trucks, with pipe connections to be completed in the future. Rail-loading capacity will be approximately 79,000 barrels per day of crude oil, with initial truck unload capacity of 35,000 barrels per day.  Manifest operations are expected to begin in Q1 of 2015 with full unit train operations available in late Q3 of 2015.

“The Niobrara Connector Rail Terminal will be a world class crude-to-rail facility and one of the first purpose built crude oil unit train facilities in the prolific Niobrara play in DJ Basin,” said Adam Bedard, CEO of ARB Midstream. He went on to say, “the NiCon facility sits in the heart of the DJ Basin, with over eighty percent of drilling and permitting activity within 30 miles of the terminal.  The central location of NiCon will help minimize truck haul distances and allow for future pipeline connections into the terminal.    NiCon will provide DJ-Niobrara producers and other market participants with the flexibility and optionality to transport crude oil from the DJ Basin to price-advantaged refining markets across the United States not currently accessible by pipe.”

About ARB Midstream, LLC

ARB Midstream, LLC, based in Denver, CO, is a privately held midstream energy company that provides logistics and infrastructure solutions for the North American energy markets. Focused on constructing, developing, and optimizing crude oil related assets, ARB Midstream utilizes a deep understanding of North American oil markets through in-depth fundamental analysis to identify early stage opportunities and the value propositions to a rapidly evolving crude oil market.  ARB Midstream, LLC’s private equity investor is BV Natural Resources, LLC, a subsidiary of Ball Ventures, LLC. For more information about ARB Midstream, please visit our website at www.arbmidstream.com, email us at info@arbmidstream.com or call Liza Leonard, Media Relations, at 208.523.3794.

About BV Natural Resources, LLC and Ball Ventures, LLC

BV Natural Resources, LLC is the private equity investor in ARB Midstream, LLC. BV Natural Resources, LLC holds all the mining, energy and other natural resource investments of its parent company Ball Ventures, LLC. Ball Ventures, LLC is a private equity, real estate, development and investment company headquartered in Idaho Falls, Idaho, and currently manages over 100 projects in 14 states. Holdings of the company include commercial developments, shopping centers, hospitality properties, and mining interests. For more information about Ball Ventures, LLC, please visit www.ballventures.com or contact Liza Leonard, Media Relations, at 208.523.3794 or lleonard@ballventures.com.

Contact
Liza Leonard
***@arbmidstream.com
End
Source:ARB Midstream, LLC
Email:***@arbmidstream.com
Tags:Midstream Oil And Gas, Oil And Gas Midstream, DJ Basin Colorado, ARB midstream, NiCon project
Industry:Energy
Location:Denver - Colorado - United States
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