Mercuria Launches Pipeline-by-rail on the Panhandle Northern Railway

News provided by

Jan 16, 2012, 06:46 ET

DENVER, Jan. 16, 2012 /PRNewswire/ -- Mercuria Energy Trading, Inc., based in Chicago, has developed a terminal to ship crude oil on the Panhandle Northern Railway (PNR), which operates on 31 miles of track between the towns of Panhandle and Borger, Texas. The site will receive product via truck from the surrounding production fields, be stored in tanks on site, then loaded to rail for shipment to refineries throughout the United States.

"We are pleased that Mercuria has chosen to locate their facility on the PNR," said Mike Peters, chief commercial officer for OmniTRAX, Inc. "This selection further highlights the fact that the PNR is well located to service the growing energy sector in North Texas and Southern Oklahoma."

OmniTRAX, based in Denver, Colorado, is one of North America's largest privately-held transportation management companies, managing railroads, intermodal service providers, transload companies, ports, and related entities throughout North America. It manages 17 regional and short line railroads, serving 11 U.S. states and three Canadian provinces. For more, see www.omnitrax.com.

OmniTRAX is an affiliate of The Broe Group, based in Denver, Colorado, which has operations in real estate, transportation and energy businesses throughout North America. For more, see www.broe.com.

SOURCE OmniTRAX