CARLSBAD, N.M. (AP) — A Texas company has begun construction on a rail hub to help bring supplies in and take oil and gas out of the heart of southeastern New Mexico's booming energy country.
Rangeland Energy began construction on its 300-acre "Rio Hub" near Loving in Eddy County on Tuesday.
The company says crude oil marketers, refiners and producers have lined up to pay Rangeland Energy to use the hub, which will help bring fracking sand in and ship oil and gas out of the Delaware Basin oil fields.
"We've had a great reception in Loving and Carlsbad and we're excited to kick off construction," Chris Keene, Rangeland Energy's president and CEO, told the Carlsbad Current-Argus. "Certainly the area within a 75-mile radius will greatly benefit producers and marketers."
Served by the BNSF railway, the 300-acre rail terminal will provide storage, blending and rail loading facilities for outbound crude, as well as unloading, storage and truck loading areas for fracking sand and other supplies.