7/11/2014 - DENVER, CO - Concord Energy LLC, a wholly owned affiliate of Concord Energy Holdings LLC, is proud to announce the opening of a new Utica and Marcellus condensate and Natural Gas Liquid (NGL) truck to rail transload site in Parkersburg, WV. Concord Energy LLC is a Denver-based natural gas and crude oil transportation and logistics company that operates in most major gas and oil production basins in the United States. Its new West Virginia facility will allow Concord Energy to transport more than 150,000 bbls of crude oil condensate and natural gas liquids (NGLs) per month and allow Concord’s producer-customers to access premium downstream markets for condensate and NGL’s. This new terminal should reduce freight costs for operators in Southeast Ohio and northwest West Virginia. It will have the capability to load light condensates, stabilized condensate, raw NGL mix, and purity NGL products.
The facility partners Concord Energy with the Little Kanawha Railroad (LKRR). Products loaded at the site are then transferred and shipped long-distance via CSX Railroad. The site also includes warehouse space, additional lay down area, and both highway and river access. Plans are already in development to increase throughput capacity and add storage over the next 12 months.
Through this West Virginia project, Concord continues to leverage its logistical expertise and long history in the oil and gas industry to bring value to operators. Concord entered the Appalachian basin in 2013 by providing services for natural gas producers, including physical flow assurance and market optionality. Concord Energy plans to be an active participant in the condensate and NGL markets and continues to create jobs and contribute to the local economies in which it operates. Concord anticipates the facility to be operational and receiving product by mid-August 2014.