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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Monday, July 25, 2011

Blue Dolphin buys Eagle Ford facility


Houston-based Blue Dolphin Energy Co. (OTCQB: BDCO) has acquired a processing facility in the Eagle Ford shale play.
Blue Dolphin bought the 56-acre Nixon Crude Processing Facility from a privately held company in an all stock transaction.
The closing of the transaction is subject to the completion of a non-recourse financing to complete refurbishment of the Nixon Facility and approval by Blue Dolphin’s (OTCQB: BDCO) stockholders.
The Nixon Facility is in the final phase of refurbishment and should restart this quarter. The refurbished facility will separate input crude oil and condensate into diesel and jet fuel for sale into nearby markets.
Source: Business Journal
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