Gateway Terminals Announces Agreement With MV Purchasing to Move Bakken Crude Through Its Facility

Tue Nov 20, 2012 3:41pm EST

* Reuters is not responsible for the content in this press release.

  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 

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