Currently, Gavilon operates integrated crude oil storage, terminal and pipeline assets situated in Oklahoma, Texas and Louisiana, along with a complementary crude oil and refined products supply, marketing and logistics business (SM&L).
Crude oil assets of Gavilion include a 50% stake in Glass Mountain Pipeline, 4.14 million owned and 3.85 million leased barrels of storage in Cushing, Oklahoma, a marine terminal and nine truck terminals including around 22 lease automatic custody transfer (LACT) units.
Gavilon also leases a network of over 200 trucks, 350 railcars and 8 barges to supply crude oil, through its SM&L business.
Through a network of more than 300 distribution terminals across 39 states, Gavilon, which is owned by funds managed by Ospraie Management, General Atlantic and Soros Fund Management, markets and supplies refined products and natural gas liquids.
NGL Energy Partners CEO Michael Krimbill said the Glass Mountain pipeline is scheduled to be operational in January 2014.
"This combination is important for NGL, adding our first major pipeline investment in addition to crude oil storage at Cushing," added.
