7/11/2014 - DENVER, CO - Concord Appalachian Transloading Services LLC is proud to announce the opening of a new Utica and Marcellus crude oil condensate and natural gas liquid (NGL) truck to rail transload site in Parkersburg, WV. Concord Appalachian Transloading Services is a wholly owned affiliate of Concord Midstream Services LLC, and part of the family of Concord Energy Holdings affiliated entities. Concord Appalachian Transloading Servicesí new West Virginia facility will allow transport of more than 150,000 bbls per month. It will have the capability to load light condensates, stabilized condensate, raw NGL mix, and purity NGL products and permit Concordís producer-customers to access premium downstream markets for condensate and NGLís. By working with marketers at Concord Energy LLC, a natural gas and crude oil transportation and logistics company that operates in most major gas and oil production basins in the United States, this new terminal should reduce freight costs for operators in Southeast Ohio and northwest West Virginia.
The facility partners Concord Appalachian Transloading Services 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. Concordís facility began formal operation in September 2014 and is currently receiving product. 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. Concordís family of companies plans to be active participants in the condensate and NGL markets, continue to create jobs and contribute to the local economies in which they operate.