Andeavor announced that it has agreed to acquire 100 percent of the equity of Rangeland Energy II LLC. Rangeland owns and operates assets in the Delaware and Midland Basins, including a recently constructed crude oil pipeline, three crude oil storage terminals and a frac sand storage and truck-loading facility.
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This Week’s Market Buzz
Rangeland Energy is moving up to eight railcars per day of frac sand for Halliburton at its Rio crude-by-rail terminal near Loving, N.M., keeping alive a system that would otherwise be idled amid narrow domestic crude differentials, according to a report on Reuters. The midstream operator is moving as many as eight railcars per day of frac sand at the…
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Rangeland Energy announced that the largest frac sand unit train shipped to date in North America has arrived at the company’s RIO Hub located near Loving, N.M. The record 150-car unit train carried 16,500 tons (33 million lb.) of frac sand and was powered by five diesel locomotive engines. The unit train originated in Ottawa, Ill., and was operated by…
Read MoreRangeland Signs Multi-Year Contract with Halliburton
According to the Rangeland Reporter-Telegram, Rangeland Energy’s RIO Hub under construction on 300 acres near Loving, N.M., has received a significant boost with an agreement with a major company.Halliburton has signed a multi-year contract for Rangeland to provide frac sand rail unloading storage and distribution services in the Delaware Basin.
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