Bridger Enters Into Agreement With Occidental Energy Marketing, Inc. Bridger to provide OEMI crude oil transportation in the Permian Basin
DALLAS, June 20, 2014 /PRNewswire/ -- Bridger, LLC ("Bridger"), an integrated crude oil midstream logistics company based in Dallas, Texas, today announced that it has executed an agreement to provide dedicated trucking services for the crude oil marketing business of Occidental Energy Marketing, Inc. ("OEMI"). In connection with the transaction, Bridger will acquire all of Occidental Energy Transportation LLC's ("OET") tractors and trailers that are currently servicing the Permian Basin, as well as employ OET's trucking operations personnel.
"Through this agreement, Bridger will provide OEMI additional trucking capacity through our state of the art logistics," said Julio E. Rios II, Chief Executive Officer of Bridger. "We are pleased with the confidence that OEMI has shown in our business by selecting us, and we are looking forward to having a successful and productive relationship with the leading energy company in the Permian."
In connection with the agreement, Bridger has ordered a fleet of new tractors to complement the assets purchased from OET to support sustained growth in the region.
"Our new build fleet reflects our strategy of leveraging safety and innovation to optimize our business," said Jeremy H. Gamboa, Chief Operating Officer of Bridger. "The addition of these assets coupled with our advanced systems will enable Bridger's integrated operations team to provide safe, exceptional, and long-term value to OEMI."
About Bridger, LLC
Bridger is a U.S.-based provider of logistics services to the crude oil industry. Based in Dallas, Texas, Bridger maintains an integrated crude oil-focused midstream infrastructure platform providing logistics services across the energy value chain by engaging in transportation, storage and terminaling of crude oil through its asset base that includes more than 450 crude-hauling trucks, 22 pipeline injection stations, 980,000 barrels of crude storage, two pipelines and additional pipeline capacity, and over 900 state-of-the-art rail cars, growing to 1,410 by the end of Q1 2015. Bridger's operations span 14 states and include all major U.S. crude oil production regions and basins, including the Permian, Bakken, Rockies, Niobrara, Mid-Continent, Gulf Coast and Eagle Ford. The company currently provides flow assurance and crude oil markets to its customers for over 400,000 barrels of crude oil per day through its logistics assets. For more information, visit www.bridgergroup.com.
SOURCE Bridger, LLC