SEACOR Energy Inc.

June 05, 2012 17:01 ET

SEACOR Energy Inc. to Begin Moving Shale Oil Through Gateway Terminals

HOUSTON, TX--(Marketwire - Jun 5, 2012) - SEACOR Energy Inc. ("SEI"), a subsidiary of SEACOR Holdings Inc., today announced that effective immediately, the company will begin moving shale oils through its position at Gateway Terminals LLC ("Gateway"), an affiliate of SEI.

Gateway is located on the Mississippi River across from downtown St. Louis, Missouri, and offers truck, rail (including unit trains), and barge in and out capability. With its convenient location on the Alton & Southern Railroad and access to all major Class I railroads, the Gateway facility can offload 120 car unit trains in less than 24 hours.

SEACOR Energy has moved more than 20 million barrels through Gateway Terminals since it opened in late 2008.

SEACOR Energy Inc., (SEI), a subsidiary of SEACOR Holdings, is the primary leaseholder and marketer of the facility. With its rail and barge fleets, SEI has the ability to move shale oils from field origins to destination refineries.

Randy Ludden, SEI's Executive VP, stated, "Gateway has a proven track record of safely moving large volumes of product. We look forward to serving the rapidly expanding oil producing regions and refining customers."

About Gateway Terminals

The Gateway Terminals facility is located on the Mississippi River in Sauget, Illinois, (St. Louis) at Mile Marker 177.3. Gateway Terminals is a unique facility designed to provide high speed shale oil storage and transfer in and out of the terminal on water, by Gateway's unit train capabilities, or by truck. This allows product stored or aggregated at Gateway Terminals to be rapidly delivered to other key U.S. markets as needed.

About SEACOR Energy

SEACOR Energy was formed in March 2007 and is headquartered in Houston, Texas. Since that time, SEACOR Energy has expanded its offerings in ethanol and other clean petroleum products. SEACOR Energy's services include sourcing, transportation, and distribution of agricultural and petroleum based products.

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