TULSA, Okla.--(BUSINESS WIRE)--Jul. 1, 2013--
NGL Energy Partners LP (NYSE: NGL) announced today the acquisition of
the assets of Crescent Terminals, LLC, a Delaware limited liability
company, and the partnership interests of Cierra Marine, LP, a Delaware
limited partnership, and its affiliated companies. The Cierra Marine, LP
acquisition expands NGL’s crude oil logistics business by adding 4
additional tow boats and 7 crude oil barges, doubling NGL’s current
fleet of marine equipment. The terminal facility will add 130,000
barrels of storage capacity in the rapidly developing Eagle Ford shale
in South Texas, and the ability to throughput up to 20,000 barrels per
day to markets along the Gulf Coast.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and
operates a vertically integrated energy business with four primary
businesses: water services, crude oil logistics, NGL logistics and
retail propane. NGL completed its initial public offering in May 2011.
For further information visit the Partnership's website at www.nglenergypartners.com.
Source: NGL Energy Partners LP
NGL Energy Partners LP
Atanas H. Atanasov, 918-481-1119
Financial Officer and Treasurer