CALGARY, ALBERTA, September 8, 2017 – White Owl Energy Services Ltd. (“White Owl”) is pleased to announce the acquisition of the Pembina Pipeline connected Clairmont Terminal at LSD 01-09-073-05W6 (the “Terminal”) in the Grande Prairie area of Alberta. White Owl has concurrently entered into a long-term strategic agreement with Trafigura Canada General Partnership (“Trafigura”) whereby Trafigura will provide crude oil marketing services for the terminal. White Owl remains the owner and licensed operator of the plant and together with Trafigura, the parties will assess expansion opportunities for the facility.
The first phase of the Terminal expansion includes certain piping modifications to allow more flexibility in transferring and treating fluids while at the same time White Owl will be making the capital improvements needed to increase Class 2 water disposal capacity. Both parties are excited about the growth potential of the region and the opportunity to provide top tier service at competitive rates.
About White Owl:
White Owl operates a processing and disposal business in two shale basins; the Bakken in North Dakota and the Montney in Alberta, providing essential processing and disposal services to oil and gas producers in both regions. It is predominantly a fee-for-service based business and consists of disposal of produced water and frac flowback water, and the processing, terminalling and marketing of oil and condensate. White Owl strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely, and in an environmentally and financially responsible manner.
About Trafigura Canada General Partnership:
Trafigura Canada General Partnership, part of the Trafigura Group, aggregates, trades and markets crude oil and condensate across Western Canada and is based in Calgary, Canada. Trafigura is one of the world’s leading independent commodity trading and logistics houses operating at the heart of the global economy. Trafigura invests worldwide in strategically located infrastructure to streamline commodity supply chains and make trading more efficient. Visit www.trafigura.com
