A new truck-to-rail transloading facility has opened in Parkersburg, WV, that is capable of handling more than 150,000 bbl of crude oil condensate and natural gas liquids from the Marcellus and Utica shales.
The facility, owned by Denver-based transportation and logistics company Concord Energy LLC, will load light condensates, stabilized condensate, raw natural gas liquids (NGL) and purity NGL products. Concord said products loaded at the facility are transferred and shipped long-distance by the CSX railroad. The site includes warehouse space, a lay-down area and access to the Ohio River and several highways.
Concord's announcement is the latest in a series of similar sand, hydrocarbon and equipment terminals that have revived long-dormant stretches of railroad and industrial sites across the Appalachian Basin as oil and gas development continues to grow in Ohio, West Virginia and Pennsylvania.
As volumes rise and the midstream focus gradually switches from gathering and processing across the region, operators have demanded more ways to handle and market dry/wet gas, oil, NGLs and condensate (see Shale Daily, March 10). A glut of condensate from basins across the country has also created a more pressing need to find new markets for that product (see Shale Daily, June 25).
Last month, GreenHunter Resources Inc. said it would form a new hydrocarbons division to handle and move oil, condensate and NGLs in the basin (see Shale Daily,June 25). Concord said it is working on plans to increase throughput and storage capacity at the Parkersburg site.
The facility is expected to primarily serve exploration and production companies operating in southeast Ohio and and northwest West Virginia.