Joseph Bonney, Senior Editor | Jan 11, 2012 4:14PM EST
Musket Corp. plans to open a crude-oil export terminal at Windsor, Colo., for unit train shipments using a newly constructed four-mile loop on the Great Western Railway, which interchanges with BNSF and Union Pacific.
The 320-acre site at the Great Western Industrial Park has fuel storage tanks with 48,000 barrels of capacity, which will be converted to crude oil service. Site will have initial loading capacity of 5.8 million barrels a year and is designed for expansion.
“With increasing oil production in the Denver-Julesburg Basin and exploration of the Niobara Formation, northern Colorado needs a rail-based solution to efficiently transport crude-oil unit trains,” said Rich Montgomery, vice president of The Broe Group, a Denver-based manager of real estate.
Denver-based Broe manages 29 million square feet of real estate in North America, including more than 750,000 square feet of industrial facilities in northern Colorado.
Houston-based Musket previously invested in a “pipeline-by-rail” terminal in North Dakota’s Bakken shale region. “We are excited to extend this strategy to the DJ Basin,” said J.P. Fjeld-Hansen, managing director of Musket Corp.
Broe’s transportation affiliate, OmiTRAX Inc., has rail, port and terminal operations including Great Western Railway, which will extend its track to complete a four-mile-long loop to serve the Musket terminal and others in the industrial park.
-- Contact Joseph Bonney at jbonney@joc.com. Follow him on Twitter@josephbonney.
