HOUSTON – Bracewell LLP represented Howard Midstream Energy Partners, LLC and its subsidiary, Maverick Terminals, in the acquisition of a majority interest in the GT Omniport Terminal from GT Logistics. The transaction closed on July 29, 2015.
GT Omniport is strategically located in Port Arthur, Texas, near numerous refineries, chemical plants and pipelines. The facility features 450 acres of land, eight miles of rail including a unit-train loop track and railcar unloading facilities, four storage tanks with a total of 230,000 barrels of capacity, a barge dock, and more than 3,000 feet of deep-water frontage, which can be used to build multiple docks for ocean-going vessels.
GT Omniport currently handles crude oil, but it will be expanded to receive, blend, store, and redeliver refined products and NGL. Additional storage capacity, interconnectivity to local refined products and crude oil pipelines, and up to four deepwater docks are being engineered and planned.
Bracewell attorneys working on the transaction included:
Partners: G. Alan Rafte, Ryan S. Holcomb and Elizabeth L. McGinley