TAYLOR, Mich. - Atlas Oil
Company has opened its fourth transloading
site €" the second site dedicated to crude oil €" in Monahans, Texas. The site is
30 miles from Atlas€™ Odessa site and is located off the TNMR railroad.
"The Monahans location
offers plenty of room for expansion, with more than 75 acres of land. It is
also optimally located in the heart of major crude oil exploration and
production near the Delaware and Permian basins. We are really excited to be in
the right place at the right time," said Bob Kenyon, executive vice president
of sales and business development, in a press release.
Atlas uses its 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. Traditionally, crude oil is transported to the refinery through
pipelines, but the recent production boom has required additional capacity.
Atlas' answer to the 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.
"We are here for the
long-term," said Sam Simon, CEO and owner of Atlas Oil Company. "Our focus on
customers leads us to providing innovative solutions to satisfy customer needs.
As this market continues to grow, we will be a top player."
The Monahans site
currently has 15 employees with 6-8 dedicated to crude operations. Atlas is
leasing this site and has exclusive rights to transload crude in this location.
Atlas' crude transloading business has grown 750% over the past three years.
Atlas has two other transloading facilities, which handle renewable fuels such
as ethanol and biodiesel. They are located in Albuquerque, N.M., and La Feria,
Texas.