Vista Announces Commencement of Operations of Outbound Rail Transload Terminal Facility to Serve West Texas Mine
— Provides Optionality to Bypass Growing Road Congestion Through Rail Delivery of Product to Key Regions in the Permian Basin —
FORT WORTH, Texas, Jan. 16, 2019 (GLOBE NEWSWIRE) — Vista Proppants and Logistics, LLC(“Vista” or the “Company”), today announced the commencement of operations of a transload terminal facility to facilitate enhanced delivery of frac sand into the Midland and Delaware Basins of the Permian Basin. The terminal, which is located near Vista’s West Texas mine in Monahans, Texas, will allow for the efficient shipment of frac sand via railcars from the Company’s West Texas mine.
Gary Humphreys, Vista’s Chief Executive Officer, commented, “There has been tremendous growth in the amount of frac sand produced in West Texas. The related increase in truck traffic has resulted in significant congestion on the local and regional road system, which will be further pressured as additional announced production comes online. Increased road congestion is leading to inefficiency in truck turn times, which results in higher costs for all parties, the need for more trucks and more qualified drivers. Through the development of a transload terminal facility located very close to our West Texas mine, we will be able to deliver our products via railcar in multiple directions into key markets in the Permian. The result will be cost savings through higher utilization of our truck fleet by lowering the distance to wellhead and – most importantly – superior reliability and surety of supply for our customers which ultimately lowers their cost.”
Vista Proppants and Logistics
Al Petrie Advisors
Wes Harris
Phone: 281-740-1334
Email: wes@alpetrie.com
About Vista Proppants and Logistics
Vista is a leading in-basin provider of frac sand solutions for oil and gas well completions in the most active oil and gas regions of the United States, including the Permian Basin, Eagle Ford Shale and SCOOP/STACK. The Company offers leading E&P and oilfield service companies high-quality sand that is most in demand in these basins with the cost advantages of a regional provider. Through its vertically integrated logistics network of 12 transload terminals throughout Texas and Oklahoma, and fleet of approximately 100 “last-mile” transport vehicles, Vista’s customers benefit from its unique mine-to-wellhead frac sand supply chain solutions and assured security of supply.
- Published in Frac, Sand Mine, Transloading
Vista Announces Long-term Frac Sand Supply Agreement With Chesapeake Energy
— Partnership Will Support Chesapeake’s Ongoing Need for High Quality, Fine Mesh Frac Sand in The Eagle Ford Basin —
FORT WORTH, Texas, Jan. 10, 2019 (GLOBE NEWSWIRE) — Vista Proppants and Logistics, LLC (“Vista” or the “Company”), today announced a long-term agreement with Chesapeake Energy Corporation (NYSE:CHK) (“Chesapeake”) whereby the Company will supply the industry leading exploration and production company high crush strength 100 mesh frac sand from Vista’s Cresson, Texas mine for delivery to the Company’s transload facility in Dilley, Texas located in the Eagle Ford Basin. Specific terms of the agreement were not disclosed.
Gary Humphreys, Vista’s Chief Executive Officer, commented, “We are pleased to enter into this strategic relationship with Chesapeake to support their extensive acreage development program in the Eagle Ford. Our unique Company-owned vertically integrated logistics network will provide them with increased reliability and surety of supply. As important, Chesapeake will benefit from using Granbury’s Texas Premium White 100 mesh frac sand offering, which we think has superior quality and crush strength to the locally sourced 100 mesh mined in the Eagle Ford region.”
Vista Proppants and Logistics
Al Petrie Advisors
Wes Harris
Phone: 281-740-1334
Email: wes@alpetrie.com
About Vista Proppants and Logistics
Vista is a leading in-basin provider of frac sand solutions for oil and gas well completions in the most active oil and gas regions of the United States, including the Permian Basin, Eagle Ford Shale and SCOOP/STACK. The Company offers leading E&P and oilfield service companies high-quality sand that is most in demand in these basins with the cost advantages of a regional provider. Through its vertically integrated logistics network of 12 transload terminals throughout Texas and Oklahoma, and fleet of approximately 100 “last-mile” transport vehicles, Vista’s customers benefit from its unique mine-to-wellhead frac sand supply chain solutions and assured security of supply.
- Published in Frac, Transloading
Vista Commences Crude Transloading Operations in West Texas with JupiterMLP, LLC
Leveraging Pecos Terminal to Help Alleviate Permian Basin Crude Takeaway Constraints
FORT WORTH, Texas, Aug. 28, 2018 (GLOBE NEWSWIRE) — Vista Proppants and Logistics, LLC (“Vista” or the “Company”), today announced it has entered into a definitive agreement with JupiterMLP, LLC (“Jupiter”) for transloading crude oil from truck to rail at its Pecos, Texas facility. Commercial operations at Pecos, one of the newest additions to Vista’s terminal network, commenced on August 15, 2018.
Gary Humphreys, Vista Chief Executive Officer, commented, “We are excited to formalize our relationship with Jupiter and begin exporting crude out of the Permian Basin. Vista has a long history of providing innovative solutions to issues that arise for our customers in the marketplace. Today’s announcement is yet another example of the significant value provided by our unique vertically integrated logistics network. The strategic location and capabilities of our Pecos facility make it a natural fit for crude-by-rail operations, and we look forward to assisting our customers with their transport needs as takeaway infrastructure for the Permian is further built out over the next couple of years.”
Tom Ramsey, Jupiter Chief Executive Officer, further commented, “We value our relationship with the Vista team. The crude-by-rail opportunity that their facility provides helps us to accelerate our strategy of moving significant volumes of Permian Basin crude oil to the Gulf Coast while we construct our Jupiter Pipeline and VLCC loading terminal in Brownsville, Texas.”
Vista and Jupiter plan to ship crude oil on the Union Pacific Railroad through 2019 and potentially into 2020, depending on pipeline construction timelines and capacity availability. The Company currently anticipates shipping approximately 400,000 barrels per month from Pecos to St James, Louisiana. The amount of crude shipped out of Pecos could be larger than Vista’s current estimate, which is dependent on the number of available train slots each month. Union Pacific has indicated they will continually evaluate their mainline capacity and provide additional service as it becomes available.
About Vista Proppants and Logistics
Vista is a leading in-basin provider of frac sand solutions for oil and gas well completions in the most active oil and gas regions of the United States, including the Permian Basin, Eagle Ford Shale and SCOOP/STACK. The Company offers leading E&P and oilfield service companies high-quality sand that is most in demand in these basins with the cost advantages of a regional provider. Through its vertically integrated logistics network of 12 transload terminals throughout Texas and Oklahoma, and fleet of approximately 100 “last-mile” transport vehicles, Vista’s customers benefit from its unique mine-to-wellhead frac sand supply chain solutions and assured security of supply.
About JupiterMLP, LLC
JupiterMLP is a private company that provides Permian Basin producers and gas plants with crude oil and plant condensate logistics and offtake solutions. Jupiter Marketing & Trading is an active first purchaser of both high and low gravity crude and plant condensate in New Mexico and West Texas. Jupiter Transport’s crude oil and condensate hauling business and strategically located terminals connect the Permian Basin to the Gulf Coast refining markets. In addition to a 675 mile crude oil pipeline that originates in Orla, Texas with additional inject points and offtake points at Pecos, Crane and Three Rivers, the Company is also constructing a crude upgrading, processing and export terminal capable of loading VLCCs on approximately 270 acres of land located in the Port of Brownsville, Texas. The company is also an active seller of refined products in Mexico. For more information on Jupiter, visit https://www.jupitermlp.com.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e009a071-1e1c-44a4-9a89-af574cefcf74
- Published in Crude Oil, Transloading