Houston company profits delivering Canadian crude to US by rail

Fuel Fix:

Houston rail terminal operator USD Partners told regulators Friday it plans to make a $150 million Wall Street debut later this year as U.S. oil companies turn to trains to transport crude.

It owns a crude-by-rail terminal that starts in Alberta, Canada and can daily load up two trains, each with 120 oil-laden railcars, and send them to San Antonio and West Colton, California. Combined, its trains can carry up to 33,000 barrels per day.

It’s one of several crude-by-rail companies that have seized on the oil industry’s need to move oil from major U.S. shale plays or Canadian heavy crude fields to North American markets and buyers.

“High-growth production areas in North America are often located at significant distances from refining centers,” the company said in regulatory filings. The North American rail network “has strategically positioned rail as a long-term alternative transportation solution to the growing and evolving energy infrastructure needs.”
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This points out the futility of the opposition to the Keystone XL pipeline by the mavens of artificial scarcity.  Businesses find alternative forms of transportation.   While the pipeline will cause less pollution the anti energy left's main goal is to inconvenience energy companies as much as they can.