Permian Rail Park to open in 2014Permian Rail Park to open in 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=68662013-07-11T06:57:00Z2013-07-10T00:00:00Z

BIG SPRING, MIDLAND - Frontier Logistics and Kyle Kinsel Co., developers of Mission Rail Park, will begin constructing a 550-acre rail-equipped industrial facility, situated between Big Spring and Midland.

The Permian Rail Park, slated to open in second quarter 2014, will be situated in the Wolfcamp and Cline Shale plays in the Permian Basin. It's also 100 miles of the Delaware Basin’s Bone Springs Shale, Avalon Shale and Wolfbone play.

"Permian Park is important because it is located within four miles of ten major pipelines used to carry petroleum products to and from refineries," Kyle Kinsel, the developer said. "This makes it an ideal location for crude oil storage, blending or processing facility. We also see this as a logistical hub for the Cline and Wolfcamp shale plays."

The Rail Park will serve industrial tenants ranging from large distribution and manufacturing facilities to small rail users, the developers added. It will also house oilfield service and pipeline operations that need rail to move products to and from nearby shale plays.

"It will be the only rail facility capable of accepting unit trains on the eastern side of the Permian Basin which is essential in servicing the increasing production from the Cline and Wolfcamp Shale plays," Kinsel added. "What is key is our ability to tap into pipelines giving our customers the option to load and store crude by rail or pipeline."

The Permian Basin, a 102,000-square mile region that is considered the largest U.S. oil basin, has produced around 30 billion barrels since the early 1920s. Companies filed 845 oil and gas drilling permits in February alone in the basin, according to the Texas Railroad Commission (TRC).

Read more at Rigzone.com.

Online news
Infrastructure & Transportation
http://www.rigzone.com/news/oil_gas/a/127624/new_rail_facility_to_open_in_permian_basinRead more at {Source}

 Search NewsTalk Texas