Atlas Oil Launches New Crude Business Unit

The new business unit, Atlas Oil Transloading & Logistics, confirms the company's intent to become a major player in the crude oil hauling and transportation business.

February 11, 2013

TAYLOR, Mich. - Atlas Oil Company has confirmed its strategic intent to become a major player in the crude hauling and crude transportation business. Over the past three years, Atlas?? crude transloading operations have increased by 750%, reflecting the explosive growth in domestic crude production. The new business unit will be referred to as Atlas Oil Transloading & Logistics.

"We were one of the early entrants to the crude transloading business," said Sam Simon, CEO and owner of Atlas Oil. "We gained valuable expertise in the field as this business began to grow and expand, so are now positioned very favorably. As this market continues to grow, we will be a top player."

The Energy Information Agency (EIA) expects U.S. crude production will again break the all-time yearly growth record in 2013, jumping to 7.32 million barrels per day. This has led to speculation that the U.S. is poised to not only produce what we need domestically but also to potentially begin exporting crude.

Traditionally, crude oil has been transported to the refinery through pipelines, but the recent production boom has required additional capacity and a paradigm shift. Atlas?? answer to this pipeline capacity constraint was to develop a "virtual pipeline" through a combination of rail, transloading and trucking that has proven to be an efficient and cost-effective solution.

Atlas Oil Transloading & Logistics is now investing in the staffing of its facilities and in the specialized assets required for this business. It has recently deployed more than 30 drivers and a fleet of trucks to the South Texas region to haul crude oil for a major refiner in the Eagle Ford shale play. An additional 20 to 40 drivers and assets will be deployed in the second quarter. Atlas also acquired portable Lease Automatic Custody Transfer (LACT) units to transfer the crude onto rail cars to be distributed to the refineries in the Gulf Coast and other markets served by rail.

Currently, Atlas has three transloading facilities in the Gulf Coast area in Odessa and La Feria, Texas, and Albuquerque. The sites handle crude and biofuel but some sites will have the potential to handle other related commodities.

Read more information on Atlas Oil??s crude oil transloading.

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