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Keyera acquires Texas oil terminal from ExxonMobil

Oil and gas company continues its quest to expand infrastructure for handling natural gas liquids.


September 17, 2012
by The Canadian Press

CALGARY—Keyera Corp. is buying a rail and truck terminal in Texas from ExxonMobil Oil, the latest move by the Calgary-based company to expand is infrastructure for handling natural gas liquids.

The Calgary-based company says will spend between $10 million and $15 million to acquire the terminal near Hull, Texas, and make modifications to put existing equipment back into service by the first half of 2013.

Keyera says the liquids terminal northeast of Houston will initially be used to handle propane, butane, iso-butane and NGL mix for delivery to North American markets.

The company primarily owns gas processing plants and associated facilities in Alberta including pipelines, terminals and processing and storage facilities.

Keyera announced last week that it plans a $110-million upgrade at its gas processing plant in Fort Saskatchewan, Alta., allowing it to process ethane-rich natural gas liquids.

©The Canadian Press