NGL Energy Partners LP announced December 16 that its wholly-owned subsidiary, NGL Supply Terminal Company LLC, has completed an acquisition of natural gas liquid assets from Keyera Energy Inc, a Delaware corporation.
The acquired assets consist of four rail to truck propane terminal facilities and related assets, located in Albuquerque, NM, Superior, MT, Shelton WA, and Vancouver WA. These terminals have a combined propane storage capacity of 640,000 gallons with the ability to throughput up to 100MM gallons annually.
The acquisition will increase the portfolio of natural gas liquid terminals operated by NGL Supply Terminal Company, LLC to 22 propane and butane terminal facilities, located coast to coast throughout the United States, with products marketed by NGL Supply Wholesale LLC. NGL looks forward to building upon the successful foundation that Keyera established over the years.