Pilot Flying J Strengthens Logistics Business to Better Serve Oil and Gas Industry
KNOXVILLE, Tenn., Aug. 1, 2018 /PRNewswire/ -- Pilot Flying J, the largest North American operator of travel centers and the fourth-largest tanker fleet in the U.S., today announced two strategic partnerships to grow its service offerings in the exploration and production (E&P) sector. Through a joint venture and an acquisition, Pilot Flying J is extending its core logistics business with additional water, sand and crude hauling capabilities.
"With Pilot Flying J's fleet size, safety record, balance sheet and geographic reach across all major oil and gas basins, we're uniquely positioned to serve this industry," Pilot Flying J President Ken Parent said. "These partnerships are a key driver of our growth strategy and demonstrate the company's ongoing commitment to diversifying our business."
Joint Venture to Form PWT LLC
In June, Pilot Flying J, Produced Water Transfer LLC and Complete Vacuum and Rental LLC formed PDPS LLC, a new company operating under the name PWT LLC.
PWT will leverage its fleet of tanker trucks and network of salt water gathering pipelines and disposal facilities to provide salt water transportation and disposal services to the oil and gas sector. The new company will focus on providing services to producers across Louisiana, Oklahoma and Texas. Pilot Flying J will own a majority of the business, which will be managed by Produced Water Transfer's President and CEO Steve Kent and his experienced management team.
Acquisition of Bridger Environmental LLC and Bridger's Crude Transportation Business
In July, Pilot Flying J through its PWT Joint Venture purchased Bridger Environmental LLC, a salt water transportation and disposal company, from propane supplier Ferrellgas Partners, L.P. In addition, Pilot Flying J also acquired Ferrellgas Partners, L.P.'s crude transportation business operating under their Bridger Transportation subsidiary to continue expanding its current presence in the space.
Through the deal, Pilot Flying J and PWT will expand their tanker fleet and acquire 10 salt water disposal wells and two crude oil pipeline injection terminals in Wyoming.
This acquisition will make Pilot Flying J one of the largest third-party crude hauling fleets in the country, with more than 500 trucks on the road serving the oil and gas industry.
For more information about Pilot Flying J, visit www.pilotflyingj.com.
About Pilot Flying J
Pilot Flying J, the largest operator of travel centers in North America, is committed to connecting people and places with comfort, care and a smile at every stop. Headquartered in Knoxville, Tennessee, Pilot Flying J has more than 750 retail locations in 44 states, Roadside assistance available at over 145 locations nationwide and growing as part of its Truck Care program, 44 Goodyear Commercial Tire and Service Centers, and 34 Boss Shops. The Pilot Flying J network provides drivers with access to more than 72,000 parking spaces for trucks with Prime Parking at more than 400 locations, 5,200 deluxe showers and more than 6,200 diesel lanes with 5,200 offering Diesel Exhaust Fluid (DEF) at the pump. Pilot Flying J is currently ranked No. 15 on Forbes' list of America's Largest Private Companies. Visit www.pilotflyingj.com/ for more information.
About Produced Water Transfer LLC
Produced Water Transfer LLC develops, owns and operates a network of water gathering pipelines and disposal facilities, initially to support natural gas production from the Cotton Valley and Haynesville. The company is focused on acquiring, building and operating water midstream assets, including gathering systems and disposal facilities, which serve the water infrastructure needs of producers.
About Ferrellgas Partners, L.P.
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane customers in all 50 states, the District of Columbia, and Puerto Rico, and provides midstream services to major energy companies in the United States. Ferrellgas employees indirectly own 22.8 million common units of the partnership, through an employee stock ownership plan. Ferrellgas Partners, L.P. filed a Form 10-K with the Securities and Exchange Commission on September 28, 2017. Investors can request a hard copy of this filing free of charge and obtain more information about the partnership online at www.ferrellgas.com.
CONTACT:
Anne LeZotte
Corporate Communications and Public Relations
Pilot Flying J
(865) 474-3028; [email protected]
SOURCE Pilot Flying J
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