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Industry Brief

October 13, 2014
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NuDevco Midstream Development LLC, sponsor of Marlin Midstream Partners LP, said it has bought land in Eunice, NM, to develop a crude oil terminalling site. Financial terms were not disclosed. The land includes rail spurs and truck siting, and the site is being configured to accommodate additional rail space and tank storage. Located in Lea County, NM, the site targets the western Permian Basin, which encompasses the western part of Texas and the southeastern part of New Mexico. NuDevco has continued to purchase assets in the crude oil value chain, including rail cars, crude oil trucks, stabilizer tower units, and storage tanks, the company said. NuDevco CEO W. Keith Maxwell said assets to be developed at the site would be potentially dropped down to Marlin Midstream. Last year the company announced the acquisition of a 28-acre site near Albuquerque, NM (see Shale DailyAug. 27, 2013).

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