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Crosstex Energy to boost capacity at Louisiana crude oil transload facility


Today, Crosstex Energy L.P. and Crosstex Energy Inc. announced plans to increase capacity at a southern Louisiana facility to transload more crude oil from rail cars to both barges and pipelines.

The project is designed to boost daily capacity at the Riverside fractionation facility — which is located on the Mississippi River — from about 4,500 barrels of crude oil to 14,500 barrels. Construction of the second-phase expansion is slated for completion in first-quarter 2013. The project includes new storage tank facilities, upgraded pipeline connections and improved barge delivery capabilities.

Completed in January, phase-one modifications of the facility have enabled crude oil and natural gas liquids to be transloaded from rail cars to barges.

“We are in an ideal physical location to take advantage of premium markets in southern Louisiana and growing domestic crude supply,” said Crosstex President and Chief Executive Officer Barry Davis in a prepared statement.

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More News from 5/7/2012