Gateway Terminals Announces Agreement With MV Purchasing to Move Bakken Crude Through Its Facility
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SAUGET, IL, Nov 20 (Marketwire) -- Gateway Terminals LLC ("Gateway"), a subsidiary of SEACOR Holdings Inc. (NYSE: CKH), today announced an agreement with MV Purchasing, LLC (MVP) to provide storage and transfer services for MVP's Bakken crude oil shipments at Gateway's intermodal storage and shipment facility located in Sauget, Illinois. The service is expected to commence on December 1, 2012. Tim Power, President of Gateway Terminals LLC, stated, "Gateway has a proven track record of safely moving large volumes of product from rail to storage and into barge and we are looking forward to working with MVP well into the future." Gateway offers truck, rail (including unit trains), and barge in and out capability. The facility can offload 100 car unit trains in less than 24 hours and is located on the Alton & Southern Railroad, providing convenient access to all major Class I railroads. The terminal opened in 2008 and has been primarily used in clean petroleum products and fuel ethanol service. The terminal began offering storage and transfer services for shale oil in June 2012. About MV Purchasing, LLC MV Purchasing, LLC (MVP) is a privately owned energy logistics company headquartered in Wichita, Kansas. MVP provides gathering, transportation, storage, distribution, marketing and other midstream services to independent oil and natural gas producers, refiners of petroleum products and other market participants located throughout the United States. About Gateway Terminals The Gateway Terminals facility, located on the Mississippi River in Sauget, Illinois, (St. Louis) at Mile Marker 177.3, provides high speed shale oil storage and transfer in and out of the terminal on water, by Gateway's unit train capabilities, or by truck. Product stored or aggregated at Gateway Terminals can be rapidly delivered to other key U.S. markets, as needed. Molly Hottinger 954.627.5278 Copyright 2012, Marketwire, All rights reserved. -0-