Houston, TX (February 16, 2016) – Twin Eagle Sand Logistics, LLC (“Twin Eagle”), a subsidiary of Twin Eagle Resource Management, LLC, announced today that it has commenced commercial operations at The Permian Rail Park, the newest addition to its terminal network. The Permian Rail Park is located on the Union Pacific Railway approximately eight miles west of the city of Big Spring. The 530-acre rail park is Twin Eagle’s fifth terminal development and is centrally located to serve the Eastern side of the Permian known as the Midland Basin.
Phase I of the project comprised more than 33,000 feet of rail track, which will be initially used for rail-to-truck frac sand trans-loading services. Twin Eagle also has Phase II plans to develop a loop track capable of supporting crude-by-rail market activity as well as infrastructure to handle trucking solutions for both crude and frac sand.
“Our customers continue to demand centrally-located unit train capable terminals which reduce both rail and last mile costs of well completion. We believe the Permian Rail Park is ideally situated to efficiently serve the eastern side of the Permian Basin for many years to come” said Griff Jones, Twin Eagle’s Chief Executive Officer. “The Permian Rail Park, which is supported by a sand trans-loading contract with a major E&P anchor tenant, is another terminal in our growing portfolio that serves our customers’ needs by providing the potential for lower ‘landed in’ sand costs driven by faster trans-loading times and lower demurrage charges.”
Twin Eagle Sand Logistics, LLC is one of the largest third-party frac sand terminal developers and operators in the country. Twin Eagle Sand Logistics terminals are strategically located in the most prolific oil and gas basins. In addition to the Permian Rail Park, other Twin Eagle locations include: the Mission Rail Park in the central Eagle Ford, the Laredo Terminal located in the South Eagle Ford, the Evans Terminal located centrally to serve the DJ Basin, and the Powder River Basin Terminal in Douglas, Wyoming. Twin Eagle’s current terminals, combined, control over 1,400 rail car spaces with nearly 50,000 tons of storage capacity.
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 500 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. For more information, visit twineagle.com.