Inergy Midstream and Enserco Midstream Announce Crude Oil Rail Terminal Joint Venture
KANSAS CITY, Mo. & HOUSTON, Sep 04, 2013 (BUSINESS WIRE) — Inergy Midstream, L.P. (“Inergy Midstream”) and Enserco Midstream, LLC (“Enserco Midstream”) announced today that they have formed a joint venture to own and operate a crude oil rail terminal located in Douglas County, Wyoming (“Douglas Facility”). Inergy Midstream’s subsidiary, Inergy Crude Logistics, LLC, and Enserco Midstream’s subsidiary, Enserco Powder River Basin, LLC, each own an approximate 50% interest in Powder River Basin Industrial Complex, LLC (“PRBIC”), the owner of the Douglas Facility. The Douglas Facility was placed into manifest service in August 2013, and unit train service is expected to begin during the first quarter of 2014. Read the entire article HERE…