HOUSTON & COTULLA, Texas--(BUSINESS WIRE)--U.S. Development Group LLC (USDG), a Houston-based developer of rail logistics and terminal facilities, announced today that it is nearing completion of its Eagle Ford Crude Terminal (EFCT) and will begin operations there in July. Located on I-35 approximately 80 miles south of San Antonio, the industry logistics hub will handle crude oil, condensate and related products produced from the Eagle Ford Shale play. USDG anticipates that the EFCT will aggregate major industry participants in the Eagle Ford Shale by co-locating inbound gathering pipelines and truck receiving capability, tank storage, and high-capacity rail loading and outbound shipping services, as well as originating outbound pipelines to Corpus Christi and Houston.
In addition, the company has recently purchased an adjacent 500-acre parcel in LaSalle County near Gardendale, Texas, and has begun developing land parcels at the EFCT for pipeline companies, producers and marketers to construct infrastructure with open connectivity to the hub. Partnering companies are expected to realize significant synergies from positioning the receiving of gathered product from the surrounding production area; origination stations for outbound pipelines; and necessary storage tanks, truck stations and rail infrastructure all at the common EFCT hub.
Source: Business Wire
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Right here in America there is a modern day oil & gas boom. The Eagle Ford Shale (EFS) is quite possibly the largest single economic development in the history of the state of Texas. The play had more than a $25 billion dollar impact on the local South Texas economy in 2011.
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