Saturday, March 17, 2018

Existing Frack Sand Transloading Terminal In Van Hook Changing Hands -- March 17, 2018

It was a bit difficult sorting out this press release. I don't think it's a new terminal, but simply one that is changing hands.

Link here.  From a press release --
THE WOODLANDS, Texas, March 16, 2018 -- Smart Sand, Inc. announced  that it acquired the rights to operate a unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken Formation.
The Company paid consideration of approximately $15.5 million to acquire certain assets at the Van Hook terminal, and has entered into a long-term lease agreement in connection with the transaction. As part of this transaction, Smart Sand and Canadian Pacific have entered into a long-term agreement to service Van Hook directly along with the other key oil and gas exploration and production basins of North America.  The Company expects to have the Van Hook facility operational in April 2018.

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