The Broe Group Announces that Halliburton Will Invest in Colorado Facility Sand Terminal on 54 Acres Within Great Western Industrial Park

WINDSOR, Colo., Jan. 19, 2012 /PRNewswire/ -- The Broe Group announced today that Halliburton will establish a major sand terminal within the Great Western Industrial Park to serve energy production demand in the Denver-Julesburg (DJ) Basin and burgeoning Niobrara Formation.

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Halliburton, with headquarters in Houston, Texas, and Dubai, United Arab Emirates, confirmed its investment to build the sand storage facilities on a 54-acre site within the 1,800-acre industrial park. This rail-served facility will support the activities of more than 500 Halliburton employees who will work in the DJ Basin.

"Working with companies like Halliburton, we're able to bring solutions to the energy services sector, originating sand from around the country and transporting it by rail," said Rich Montgomery, vice president of Great Western Development Company, an affiliate of The Broe Group, based in Denver, Colorado. "This new terminal in the Great Western Industrial Park will help create good-paying jobs. It will serve Colorado's booming oil and gas industry and underscore the competitive advantages of rail service and innovative supply chain management."

Construction of the sand terminal will begin in the first quarter of 2012, with operations expected to begin in the second quarter of the year.

"With increasing interest in horizontal well development in the DJ Basin, we have seen more exploration and production by some of our key customers," said Rick Grisinger, Halliburton's Sr. Region Vice President, US Northern and Canada. "In preparation for this market growth, Halliburton continues to evaluate plans for expansion and increasing its business presence."

Halliburton has operated in the state of Colorado since 1935, and the company currently employs more than 1,600 employees in the state. Halliburton anticipates hiring for a variety of positions, and anyone interested in working for Halliburton is encouraged to visit www.gohalliburton.com.

"Colorado's economy continues to see the benefits of the early and continued commitment to encouraging safe and responsible energy development," said Gov. John Hickenlooper. "Halliburton's announcement today is a reminder to new energy companies and those already doing business here that Colorado is on the country's leading edge of this economic sector."

Today's announcement follows a series of recently announced transactions by The Broe Group at the Great Western Industrial Park, which is a center of manufacturing – particularly for the energy industry – in Northern Colorado.

Windsor Renewal 1, an affiliate of The Broe Group, announced on Jan. 3 the purchase of 320 acres of former Eastman Kodak Company property. Some of that property, including fuel-storage tanks with a total capacity of 48,000 barrels, will be converted for crude oil storage as part of a Musket Corp. pipeline-by-rail facility that The Broe Group and Musket jointly announced on Jan. 11.

That pipeline-by-rail terminal will be unit-train capable, with the capacity to handle, load and move trains of up to 110 cars. With the abundance of existing infrastructure, the site is easily scalable beyond the initial loading capacity of 5.8 million barrels per year. To serve Halliburton, Musket and other users within the park, the Great Western Railway of Colorado will extend its railroad-track system to complete a four-mile-long loop track, adding the unit-train capacity to address the growing demand for rail service throughout the region. Great Western Railway interchanges with both the Burlington Northern Santa Fe and Union Pacific railroads.

The Great Western Industrial Park's location, competitive rail service and infrastructure have made it a center of manufacturing in the region. For more information, see www.greatwesternindustrialpark.com.

In attracting companies such as Owens-Illinois, Front Range Energy, Reliant Holdings, Vestas and Hexcel, the Great Western Industrial Park has helped generate more than a thousand new jobs for the community. For 2011, the park will contribute $1.6 million to Weld County's tax base, $1.1 million to Windsor's tax base, and $4.3 million to Windsor's school district. The $9.8 million Colorado Army National Guard Windsor Readiness Center, being built on a 17-acre parcel within the park, is scheduled to open later this year.

Broe Real Estate, an affiliate of The Broe Group, provides property management, asset management or advisory services for 29 million square feet of real estate throughout North America, including more than 750,000 square feet of industrial facilities in Northern Colorado. For more information, see www.broerealestate.com.

The Broe Group's transportation affiliate, OmniTRAX, Inc., is one of North America's largest privately-held transportation management companies, managing railroads, intermodal service providers, transload companies, ports, and related entities throughout North America. It manages 17 regional and short line railroads, serving 11 U.S. states and three Canadian provinces. For more, see www.omnitrax.com.

The Broe Group is also affiliated with the Great Western Oil & Gas Company, which has grown to be one of the top oil producers in Colorado. For more information, see www.gwogco.com.

For more on The Broe Group, see www.broe.com.

SOURCE The Broe Group