Keyera agrees to buy ExxonMobil NGL rail and truck terminal in Texas near Mont Belvieu hub

Exxon Mobil Corporation
KeyCorp

Exxon Mobil Corporation

XOM

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KeyCorp

KEY

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  • Keyera agreed to buy an NGL midstream rail and truck terminal near the Mont Belvieu hub from ExxonMobil Oil.
  • The Hull, Texas site includes 39 acres, rail and truck loading capacity, storage tanks, and pipeline links to ExxonMobil facilities.
  • Keyera expects initial service focused on propane and butane, with potential to add condensate and diluted bitumen handling.
  • Acquisition and phase-one modifications expected to cost about $10 million-$15 million; first-phase restart targeted for 1H 2013.


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