Midstream - Rail & Trucks | Deals - Acquisition, Mergers, Divestitures
Keyera Acquires NGL Midstream Rail and Truck Facility near Mont Belvieu
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Keyera Corp. announced today that its wholly owned affiliate Keyera Energy Inc. has entered into an agreement to purchase an NGL midstream rail and truck terminal from ExxonMobil Oil Corporation.
The facility is located in Hull, Texas and is connected via pipeline with ExxonMobil’s Beaumont complex and Daisetta storage facility, and other NGL facilities in the Mont Belvieu energy hub. The terminal is expected to be used initially to handle receipt and delivery of propane, butane, iso-butane and NGL mix for delivery into North American markets.
The transaction is subject to satisfaction of due diligence and other normal closing conditions. “The terminal is an ideal fit with our existing infrastructure,” said David Smith, President and Chief Operating Officer of Keyera.
Dedicated rail…
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