Howard Energy Partners Acquires Majority Interest In GT Omniport Terminal Near Port Arthur, Texas
Howard Energy Partners
SAN ANTONIO – July 29, 2015 – Howard Midstream Energy Partners, LLC (HEP) announced today that its subsidiary, Maverick Terminals GT, LLC has acquired a majority interest GT Logistics, LLC, owner of the GT Omniport Terminal. The current owners of GT Logistics will maintain a minority interest in the facility. Located near Port Arthur, Texas, the terminal is strategically located near numerous refineries, chemical plants, and pipelines in the area. It features 450 acres of land, more than eight miles of rail including a unit-train loop track and railcar unloading facilities, four storage tanks with a total of 230,000 barrels of capacity, a barge dock, and more than 3,000 feet of deep-water frontage, which can be used to build multiple docks for ocean-going vessels.
The GT Omniport Terminal, which currently handles crude oil, will be expanded to receive, blend, store, and re-deliver refined products and natural gas liquids. Additional storage capacity, interconnectivity to local refined products and crude oil pipelines, and up to four deep water docks are being engineered and planned.
“We are excited to enter into this venture with GT Logistics, who have built a first class platform for growth,” said Mark Helmke, Senior Vice President of Terminals and Transportation for Howard Energy Partners. “We see lots of development potential in the Port Arthur area and this acquisition is a continuation of our plan to expand our geographic presence and build a diversified portfolio of world class assets.”
In addition to this majority interest in the GT Omniport Terminal, HEP owns and operates bulk liquid terminal facilities in Three Rivers, Texas and the Port of Brownsville, Texas.
About Howard Energy Partners
San Antonio-based Howard Midstream Energy Partners, LLC dba Howard Energy Partners is an independent midstream energy company, owning and operating approximately 700 miles of natural gas pipelines, natural gas liquids processing plants, rail facilities, liquid storage terminals, deep water port facilities, and other related midstream assets. The company has offices in San Antonio and Houston, Texas. For more information on Howard Energy Partners, please visit our website www.howardenergypartners.com.
Meredith Hargrove Howard
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