News and Press - Drexel Hamilton Infrastructure Partners, LP

Rail operator proposes to move Utah heavy oil to U.S. Gulf Coast

May 10, 2019

HOUSTON (Reuters) – Investor Drexel Hamilton Infrastructure Partners LP and rail operator Rio Grande Pacific Corp on Friday disclosed plans to build a $1.5 billion rail line that would transport heavy crude from Utah to connections to the U.S. Gulf Coast.

Drexel Hamilton and Rio Grande officials said the project aims to deliver about 400,000 barrels per day (bpd) of Uinta basin crude to Gulf Coast refineries looking to replace heavy oil supplies from Venezuela.

“The Uinta has only been restricted from Gulf Coast and overseas refiners as a result of limited takeaway capacity,” said Mark Michel, a managing partner at private equity fund Drexel Hamilton. “We are going to change that.”

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Plaquemines Port Pursues Crude Oil Export Terminal

08.29.18

New Mississippi River port facility could ship crude oil beginning in 2020

BATON ROUGE, La. — Tallgrass Energy and Drexel Hamilton Infrastructure Partners have announced plans to build a crude oil export terminal on the Mississippi River in Plaquemines Parish. The proposed Plaquemines Liquids Terminal is permitted for up to 20 million barrels of crude oil storage and could be fully operational by mid-2020.

“Louisiana’s port infrastructure is a vital framework for our economy, and this project will make good use of our export capabilities along the Mississippi River,” Gov. John Bel Edwards said. “Adding a project such as this to our crude oil facilities, our refineries and our growing LNG export network will further strengthen Louisiana’s position as a world energy export leader.” CLICK HERE TO READ MORE …

 

Tallgrass to Develop New Cushing to St. James Crude Oil Pipeline and Gulf Coast Liquids Export and Import Terminal

LEAWOOD, Kan.  Aug. 12018 – Tallgrass Energy, LP (NYSE: TGE(“Tallgrass”) today announced plans to develop a new crude oil pipeline from Cushing, Okla., to the St. James, La., refining complex, as well as a separate new exportcapable liquids terminal strategically located near the mouth of the Mississippi River.

The proposed Seahorse Pipeline (“Seahorse”) is expected to be30 inches in diameter and approximately 700 miles long, with the capacity to transport up to 800,000 barrels of crude oil per day from Cushing to the Louisiana Gulf Coast. The pipeline will operate as a common grade batch system that, along with Tallgrass’ Pony Express Pipeline, will ensure domestic refiners and international markets have access to “clean” barrels from five different production basins. CLICK HERE TO READ MORE …