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.)
A May 24, 2021 06:10 PM Eastern Daylight Time
FORT WORTH, Texas--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
The updated release reads:
INTEGRATED RAIL AND RESOURCES ACQUISITION CORP. PUBLICLY FILES REGISTRATION STATEMENT FOR $275,000,000 PROPOSED INITIAL PUBLIC OFFERING
Integrated Rail and Resources Acquisition Corp. (the “Company”) announced today it publicly filed a registration statement on Form S-1 with the Securities Exchange Commission (“SEC”) on May 21, 2021 relating to its proposed initial public offering of 27,500,000 units (the “Units”). Each unit has a proposed offering price of $10.00 ...
April 23, 2021 08:19 AM Eastern Daylight Time
FORT WORTH, Texas--(BUSINESS WIRE)--Integrated Rail and Resources Acquisition Corp. (the “Company”) announced today it has confidentially submitted a draft registration statement on Form S-1 with the Securities Exchange Commission (“SEC”) relating to its proposed initial public offering of 27,500,000 units (the “Units”). Each unit has a proposed offering price of $10.00 and consists of one share of our Class A common stock and one-half of one redeemable warrant. The Company intends to apply to list the Units on the New York Stock Exchange (“NYSE”). The initial public offering ...
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%...