November 14, 2022
NEW YORK--(BUSINESS WIRE)--Integrated Rail and Resources Acquisition Corp. (NYSE: IRRXU; IRRX; IRRXW) (the “Company”), a special purpose acquisition company, announced today that it has extended the date by which it is required to complete a business combination for an additional period of three (3) months from November 15, 2022 to February 15, 2023, and that the amount of $2,300,000 has been deposited into the Company’s trust account (the “Trust Account”) in connection with the extension pursuant to the terms of the Investment Management Trust Agreement, dated as of November 11, 2021, between American Stock Transfer & Trust Company, LLC (the “Trustee”) and the Company. The purpose of the extension is to extend the time for the Company to consummate its initial business combination. The Company’s governing documents permit a total of two three-month extensions.
July 14, 2022
PORTLAND, ME – Utah Gov. Spencer Cox is elated by today’s news that the U.S. Forest Service has authorized the Uinta Basin Railway. This approval allows the Uinta Basin Railway proposal to continue to move forward, connecting the eastern part of Utah with national rail networks.
“This is a huge victory that will get Utah energy to market faster, more cleanly, more safely, and will help the economies of eastern Utah,” said Gov. Cox. “State and local governments, the Ute Tribe, energy producers and rail companies have been making the argument for decades that improved access to the outside world will help the Basin diversify its economy. Without a doubt, this infrastructure will improve economic opportunities for individuals, families and businesses. We’re excited to see the potential of this region unleashed.”
July 8, 2022
OGDEN, Utah — A U.S. Forest Service review has upheld a decision granting right-of-way to a portion of the Uinta Basin Railway project, the last major regulatory barrier to the proposed 85-mile line to serve oilfields in Utah.
The Salt Lake Tribune reports several environmental groups had challenged the Forest Service’s decision to approve the railroad’s path through 12 miles of Utah’s Ashley National Forest. But in a six-page letter this week to an attorney representing the Center for Biological Diversity, Deputy Regional Forester Deborah Oakeson said that “the record supports permit issuance,” although it does have reservations about some aspects of the Surface Transportation Board’s characterization of federal agency responsibilities and the Final Environmental Impact Statement’s system for categorizing effects of the project.
December 16, 2021
WASHINGTON — A Surface Transportation Board decision has cleared the way for construction of Utah’s Uinta Basin Railway.
In a decision issued Wednesday, the board granted the exemption sought by the Seven County Infrastructure Coalition to construct the 85-mile line to connect oilfields in western Utah to the national rail network at a junction with Union Pacific at Kyune, Utah, subject to environmental mitigation conditions proposed by the STB’s Office of Environmental Analysis.
December 16, 2021
Sen. Mike Lee (R-UT) congratulates the Uinta Basin Railway Project on receiving final approval from the federal government’s Surface Transportation Board (STB). Sen. Lee has been working with federal agencies and local partners for years toward the goal of approval. Local efforts were led by the 7-County Infrastructure Coalition, the Ute Indian Tribe, the UBRY company, Rio Grande Pacific Corp., and DHIP Group.
December 15, 2021
The Surface Transportation Board today issued a decision granting final approval for an exemption sought by the Seven County Infrastructure Coalition (Coalition) to construct and operate a new line of railroad in Utah. This decision grants final approval for a construction and operation exemption for the Whitmore Park Alternative, subject to final environmental mitigation measures recommended by the Board’s Office of Environmental Analysis (OEA) in its Final Environmental Impact Statement (EIS), with minor changes.
On May 29, 2020, the Coalition filed a petition for exemption for authorization to construct and operate an approximately 85-mile rail line connecting two termini in the Uinta Basin near South Myton Bench, Utah, and Leland Bench, Utah, to the national rail network at Kyune, Utah.
November 16, 2021
NEW YORK--(BUSINESS WIRE)--Integrated Rail and Resources Acquisition Corp. (the “Company”), a newly incorporated blank check company, today announced the closing of its initial public offering of 23,000,000 units (which includes 3,000,000 units issued in connection with the exercise of the over-allotment option) at a price of $10.00 per unit. The units are listed on the New York Stock Exchange (“NYSE”) and trade under the ticker symbol “IRRXU.”
The Company is sponsored by DHIP Natural Resources Investments, LLC, and is led by Richard Bertel, Chief Executive Officer and Chairman of the Board of Directors; and Mark Michel, Chief Operating Officer, President, and Vice Chairman of the Board of Directors
September 20, 2021
FORT DUCHESNE, Utah — The proposed Uinta Basin Railroad has received the backing of the Ute Indian Tribe. The support is seen as critical for the proposed railroad that will reach deep into Utah’s Uinta Basin to tap oil and gas reserves.
The support comes as the U.S. Surface Transportation Board considers whether or not it will permit the construction of an 85-mile railroad, the largest railroad building project in the United States in more than a generation, going back to when the Chicago & North Western expanded into the Powder River Basin. Earlier this year, the STB issued its final environmental impact statement, which clears the way for a permitting decision.
August 6, 2021
The Surface Transportation Board’s (STB) Office of Environmental Analysis (OEA) has issued a Final Environmental Impact Statement (EIS) for the proposed Uinta Basin Railway in Utah.
The move paves the way for STB to make a final decision on the line, and follows a public comment period on the Draft EIS, which ran until Feb. 12, 2021.
The state of Utah’s Seven County Infrastructure Coalition is seeking STB authority to construct and operate the line. (In September 2020, Drexel Hamilton Infrastructure Partners, LP and the Coalition executed an agreement to advance the line; Fort Worth, Tex.-based Rio Grande Pacific Corp. would handle construction and operations.)
Houston — The US government Feb. 12 will close the comment period for the environmental impact statement on the proposed Uinta Basin Railway, a project aiming to link producers of the Utah basin's waxy crude with more lucrative markets outside the immediate area – potentially in the US Gulf Coast and West Coast.
The $1.5 billion project, unveiled in 2019 and sponsored by a quasi-government group called the Seven County Infrastructure Coalition in Utah, aims to build and operate the railway that would link to existing major rail loading facilities further west ...
September 8, 2020
DHIP Group, formerly known as Drexel Hamilton Infrastructure Partners, LP, and the state of Utah’s Seven County Infrastructure Coalition (Coalition) today executed an agreement to advance the Uinta Basin Railway, which will serve the mineral, agricultural, and construction industries of northeastern Utah’s Uinta Basin ...
May 10, 2019
HOUSTON (Reuters) – Investor DHIP Group, formerly known as Drexel Hamilton Infrastructure Partners LP, and rail operator Rio Grande Pacific Corp on Friday disclosed plans to build a $1.5 billion rail line that would transport heavy crude from Utah to connections to the U.S. Gulf Coast.
DHIP and Rio Grande officials said the project aims to deliver about 400,000 barrels per day (bpd) of Uinta basin crude to Gulf Coast refineries looking to replace heavy oil supplies from Venezuela.
“The Uinta has only been restricted from Gulf Coast and overseas refiners as a result of limited takeaway capacity,” said Mark
August 29, 2018
New Mississippi River port facility could ship crude oil beginning in 2020
BATON ROUGE, La. — Tallgrass Energy and DHIP Group, formerly known as Drexel Hamilton Infrastructure Partners LP, have announced plans to build a crude oil export terminal on the Mississippi River in Plaquemines Parish. The proposed Plaquemines Liquids Terminal is permitted for up to 20 million barrels of crude oil storage and could be fully operational by mid-2020.
“Louisiana’s port infrastructure is a vital framework for our economy, and this project will make good use of our export capabilities along the Mississippi River,” Gov. John Bel Edwards said. “Adding a project such as this to our crude oil facilities, our refineries and our growing LNG export network will further ...
Aug. 1, 2018
LEAWOOD, Kan. – Tallgrass Energy, LP (NYSE: TGE) (“Tallgrass”) today announced plans to develop a new crude oil pipeline from Cushing, Okla., to the St. James, La., refining complex, as well as a separate new export–capable liquids terminal strategically located near the mouth of the Mississippi River.
The proposed Seahorse Pipeline (“Seahorse”) is expected to be 30 inches in diameter and approximately 700 miles long, with the capacity to transport up to 800,000 barrels of crude oil per day from Cushing to the Louisiana Gulf Coast. The pipeline will operate as a common grade batch system that, along with Tallgrass’ Pony Express Pipeline, will ensure domestic refiners and international markets ...
June 13, 2017
Santo Domingo. – The Dominican Republic on Tuesday placed a US$500 million bond on the international market, with proceeds earmarked to finish construction on the coal-fired power plant at Punta Catalina, Baní (south), Finance minister, Donald Guerrero announced Tuesday.
He called the bond issue “historic” because of its 10-year rate at 5.10%...