Bridger Logistics, LLC Enters into a Long-Term Throughput Agreement and Expansion at Crosstex Energy's Riverside Fractionation Facility in Southern Louisiana
SHREVEPORT, La., May 8, 2012 /PRNewswire/ -- Bridger Logistics, LLC announced today that through its subsidiary Bridger Transfer Services, LLC, it has executed its Phase II throughput commitment with Crosstex NGL Marketing, L.P., a subsidiary of Crosstex Energy, L.P. at Crosstex's Riverside Fractionation facility on the Mississippi River in southern Louisiana.
Bridger Transfer Services' Phase II commitment, further expanding on its Phase I commitment executed in January 2012, commercially contracts for the expansion of the Riverside Facility. This expansion will allow Bridger Transfer Services to increase its capacity to trans-load from rail cars to barges and pipelines at the Riverside facility from approximately 4,500 barrels of crude oil per day to 15,000 barrels of crude oil per day. Phase II will also see the installation of storage tanks and a loading/unloading truck custody transfer unit that will allow the integration of Bridger Logistics' crude oil trucking arm.
"The Riverside facility and the Phase II expansion provides our logistics customers in the Bakken, Niobrara, Eagle Ford and Permian plays greater access to premium markets on the Gulf Coast," said James Ballengee, Bridger Chairman and Chief Executive Officer.
Bridger Logistics, LLC, headquartered in Shreveport, Louisiana, is a national provider of logistics services to the crude oil industry engaged in the transportation, storage and terminalling of crude oil through its own pipeline injection stations, pipelines, rail loading and unloading terminals and tank trucks. Bridger Logistics currently provides flow assurance to its customers for over 100,000 barrels of crude oil per day through its logistics assets. Bridger Logistics provides these services through its subsidiaries Bridger Transfer Services, LLC, Bridger Lake, LLC and Southern Energy Transportation, Inc.
SOURCE Bridger Logistics, LLC
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