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The Broe Group announced today that Halliburton will establish a major sand terminal within the Great Western Industrial Park to serve energy production demand in the Denver-Julesburg (DJ) Basin and burgeoning Niobrara Formation.
According to a news release from The Broe Group, Halliburton, with headquarters in Houston and Dubai, United Arab Emirates, confirmed its investment to build the sand storage facilities on a 54-acre site within the 1,800-acre industrial park. This rail-served facility will support the activities of more than 500 Halliburton employees who will work in the DJ Basin.
"Working with companies like Halliburton, we're able to bring solutions to the energy services sector, originating sand from around the country and transporting it by rail," said Rich Montgomery, vice president of Great Western Development Company, an affiliate of The Broe Group, based in Denver, in the press release. "This new terminal in the Great Western Industrial Park will help create good-paying jobs. It will serve Colorado's booming oil and gas industry and underscore the competitive advantages of rail service and innovative supply chain management."
Construction of the sand terminal will begin in the first quarter of 2012, with operations expected to begin in the second quarter of the year.
"With increasing interest in horizontal well development in the DJ Basin, we have seen more exploration and production by some of our key customers," said Rick Grisinger, Halliburton's Sr. Region Vice President, US Northern and Canada. "In preparation for this market growth, Halliburton continues to evaluate plans for expansion and increasing its business presence."
"Colorado's economy continues to see the benefits of the early and continued commitment to encouraging safe and responsible energy development," said Gov. John Hickenlooper in the press release. "Halliburton's announcement today is a reminder to new energy companies and those already doing business here that Colorado is on the country's leading edge of this economic sector."
The announcement comes off the recent transaction by The Broe Group's Windsor Renewal 1 of the Jan. 3 purchase of 320 acres of former Eastman Kodak Company property. Some of that property, including fuel-storage tanks with a total capacity of 48,000 barrels, will be converted for crude oil storage as part of a Musket Corp. pipeline-by-rail facility that The Broe Group and Musket jointly announced on Jan. 11.
That pipeline-by-rail terminal will be unit-train capable, with the capacity to handle, load and move trains of up to 110 cars. With the abundance of existing infrastructure, the site is easily scalable beyond the initial loading capacity of 5.8 million barrels per year. To serve Halliburton, Musket and other users within the park, the Great Western Railway of Colorado will extend its railroad-track system to complete a four-mile-long loop track, adding the unit-train capacity to address the growing demand for rail service throughout the region. Great Western Railway interchanges with both the Burlington Northern Santa Fe and Union Pacific railroads.
According to a news release from The Broe Group, Halliburton, with headquarters in Houston and Dubai, United Arab Emirates, confirmed its investment to build the sand storage facilities on a 54-acre site within the 1,800-acre industrial park. This rail-served facility will support the activities of more than 500 Halliburton employees who will work in the DJ Basin.
"Working with companies like Halliburton, we're able to bring solutions to the energy services sector, originating sand from around the country and transporting it by rail," said Rich Montgomery, vice president of Great Western Development Company, an affiliate of The Broe Group, based in Denver, in the press release. "This new terminal in the Great Western Industrial Park will help create good-paying jobs. It will serve Colorado's booming oil and gas industry and underscore the competitive advantages of rail service and innovative supply chain management."
Construction of the sand terminal will begin in the first quarter of 2012, with operations expected to begin in the second quarter of the year.
"With increasing interest in horizontal well development in the DJ Basin, we have seen more exploration and production by some of our key customers," said Rick Grisinger, Halliburton's Sr. Region Vice President, US Northern and Canada. "In preparation for this market growth, Halliburton continues to evaluate plans for expansion and increasing its business presence."
"Colorado's economy continues to see the benefits of the early and continued commitment to encouraging safe and responsible energy development," said Gov. John Hickenlooper in the press release. "Halliburton's announcement today is a reminder to new energy companies and those already doing business here that Colorado is on the country's leading edge of this economic sector."
The announcement comes off the recent transaction by The Broe Group's Windsor Renewal 1 of the Jan. 3 purchase of 320 acres of former Eastman Kodak Company property. Some of that property, including fuel-storage tanks with a total capacity of 48,000 barrels, will be converted for crude oil storage as part of a Musket Corp. pipeline-by-rail facility that The Broe Group and Musket jointly announced on Jan. 11.
That pipeline-by-rail terminal will be unit-train capable, with the capacity to handle, load and move trains of up to 110 cars. With the abundance of existing infrastructure, the site is easily scalable beyond the initial loading capacity of 5.8 million barrels per year. To serve Halliburton, Musket and other users within the park, the Great Western Railway of Colorado will extend its railroad-track system to complete a four-mile-long loop track, adding the unit-train capacity to address the growing demand for rail service throughout the region. Great Western Railway interchanges with both the Burlington Northern Santa Fe and Union Pacific railroads.
