SAVAGE BEGINS CONSTRUCTION OF "CRUDE OIL BY RAIL" TERMINAL
Trenton Railport now offering customer agreements for access to expanding crude production from the Bakken shale play.
SALT LAKE CITY – July 18, 2011 – Savage Companies (Savage) today announced that construction is underway for a multi-user rail terminal served by the Burlington Northern Santa Fe Railway in Trenton, North Dakota, bringing delivery of crude oil by rail from the Bakken shale oil formation (the Bakken).
“This facility is a win-win for producers who want to get their product to specific markets and for refiners who want access to premium light sweet crude at competitive rates," said Allen Alexander, Chief Executive Officer of Savage. "Rail is a great option for transporting crude oil, especially given that production is forecasted to exceed current distribution alternatives.”
The 270-acre site will include rail infrastructure as well as planned space for oil field material storage, and receiving capability for frac sand and other materials. Based on current interest levels, and active negotiations, Savage expects to fully subscribe the initial capacity of the Trenton Railport by fall of this year.
The Trenton Railport is slated to be operational by the second quarter of 2012 and will be managed by Savage's Railway and Industry Solutions Group, which oversees more than fifty specialty rail services and transloading terminals throughout the US.
Savage is an Innovative Supply Chain Solutions company, dedicated to creating value for customers who depend on the Savage team to move and manage critical materials with worry-free consistency. The company is a North American leader in providing services to chemical, railroad, electric power generation, coal mining and oil refining customers. Savage operates over 40 transload facilities, which specialize in handling a diverse range of chemicals, resins, fuels and other industrial commodities. Savage has 150 operations in 36 US states and five Canadian provinces. For more information on Savage, please visit www.savageservices.com.