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Bulk Transfers expands crude shipments amid rail flexibility push
Bulk Transfers, a small oil services firm with 11 employees at its Monahans yard, began crude shipments in January and now averages about 100000 barrels per month. The company aims for 1.5 million in yearly profit as it leverages rail to bypass Cushing bottlenecks and balance pipeline costs. Union Pacific handles loading from Texas New Mexico Short Line to the Gulf, while analysts note pipelines remain dominant though rail is here to stay.
MENTIONED IN THIS ARTICLE
Bulk Transfer
Monahans
Cushing
Okla
West Texas
Brian Lucas
Bulk Transfers
Lucas
Raymond James
Banke Olufemi
Permian
Wood Mackenzie
Houston
Union Pacific
Raquel Espinoza
Odessa
Olufemi
RBN- Energy
Burnett