"Basin Transload provides us with strategically located assets in the Bakken region," said Eric Slifka, Global's president and chief executive officer.
"The facilities are in close proximity to key suppliers and producers in this high-growth area.
Together, these facilities help form a network of unique origin and destination locations through which our customers can efficiently supply cost-competitive crude oil to destinations on the East and West coasts."
"The transaction complements our recently announced agreement to purchase a West Coast crude oil transload and ethanol facility near Portland, Oregon," Slifka
"That facility is linked via the BNSF Railway to the Beulah facility, where Basin Transload
is constructing a 140,000 barrel tank and truck offloading rack to support crude oil production in the Williston Basin.
Our Albany, NY terminal is connected via single line haul on Canadian Pacific to Basin Transload's Columbus location, where we own and operate a 100,000 barrel storage tank and truck offloading rack."
"By directly addressing the lack of infrastructure in high-growth energy regions of the country, we are creating new opportunities to increase volume and margins by providing a wide range of value-added services, including leases, to producers and refiners," Slifka