Bro brca torqenergy exploration energy oct2014

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C O M P A N Y O V E R V I E W


Torq Energy Logistics

Torq Energy Logisitcs Poised Canadian Crude-by-Rail Mar What sets Torq Energy Logistics apart in the crude-by-rail Written by: Ian Hanner

Produced by: Michael Magno


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TORQ ENERGY LOGISTICS

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perating six transloading terminals in key energy regions in Alberta and Saskatchewan, Torq Energy Logistics is excellently positioned for growth in a favorable market. Canada has experienced a nearly 29 percent increase in the production of crude oil between 2008 and 2013. This massive increase in product has allowed for substantial growth in the crudeby-rail (CBR) industry, with Torq Energy Logistics leading the way in transportation solutions. Established in 2011, Torq Transloading is a division of Torq Energy Logistics 4

October 2014

(Torq) that provides “fully-integrated crude handling and transportation service from the well site to the rail car.” While Canadian demand for CBR services skyrockets, Torq is adopting a policy of rapid expansion to corner the market as quickly and safely as possible. To help facilitate those plans for expansion, Kohlberg Kravis Roberts & Co. (KKR) invested C$250 million in Torq with the goal to focus “on accretive acquisitions and new opportunities to further integrate the upstream and downstream aspects of the energy supply chain with the addition of complementary energy products


ENERGY

and services, including stranded propane, butane and ethane as well as y-grade and natural gas liquids, in addition to its crude focus to date,” Torq’s website says. Torq’s President and CEO Jarrett Zielinski said in a press release, “We are honored and excited to be partnering with KKR. The shared vision between us in conjunction

with the reputational and capital backing of KKR is expected to provide a long runway for growth. Today is an extremely active and exciting time to be in the energy logistics space. New technologies continue to unlock oil and gas reserves previously deemed uneconomic. The unexpected increase in energy production w w w . t o r q e n e r g y. c o m

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Your MeasureMent solutions Provider Crude Oil TranslOading MeTer PaCkages ngl TranslOading MeTer PaCkages TruCk unlOad & laCT MeTering PaCkages

Sky Eye Measurement is a leading Oil and Gas Measurement Solutions Provider. With a team of highly qualified technical service personnel and a complete line of portable and permanent measurement solutions. Our extensive rental fleet, superior products, and wide range of service packages are guaranteed to meet the individual needs of our customers.

#306 – 26230 Township Rd 531A Acheson, AB T7X 5A4 Office: 780-466-9665 Fax: 780-468-9280 r.hansen@skyeye.ca

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TORQ ENERGY LOGISTICS

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is reshaping the landscape of how we move energy from wellhead to market. Torq has been compelled to rethink conventional means and innovate new modes of energy transportation and storage infrastructure so as to provide premium economics for its customers and facilitate continued exploration and production.� As an industry leader, Torq tries to set an example for high safety standards as well. Employing portable, closed loop systems and bottom car loading process, the company cuts costs and improves operational efficiency all while minimizing environmental impact and protecting employees. To add to these safety standards, all 400 plus employees are required to go through a safety program called H2S Alive in which workers are

SUPPLIER PROFILE

SKEY EYE

SKY EYE MEASUREMENT is committed to providing safe and application specific metering solutions for rental or purchase to fit any measurement process — from a simple liquid meter run package to a complete LACT metering package.

Website: www.skyeye.ca

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TORQ ENERGY LOGISTICS

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educated on the dangers of hydrogen sulfide gas, how to prevent exposure and proper response in the event of an accident. Torq’s niche lies in the transport of heavy crude oil such as that produced in the Canadian oil sands. Light crude is relatively easy to ship by pipeline and there have been a good deal of developments to fill that demand. Heavy crude however must be diluted with condensate so that it is light enough to flow through pipelines. Once it reaches its destination, the condensate must be removed at considerable cost. Shipping crude by rail however removes the necessity for condensate. “Not only are we able to maintain the integrity of the raw product, we can also remove the condensate from the supply chain completely,” Zielinski said, according to Energy & Mining International. He also said to Oilweek, “My view is that light crude should move by pipeline and heavy crude should move by rail.” Since its start in 2011, Torq has expanded from a small trucking firm with only 25 employees and a transport capacity of about 600 barrels of crude per day, to a major energy logistics company that is capable of moving over 45,000 barrels of crude per day; a rate that is expected to more the double in 2014. Now with the investment from KKR, there’s no telling what’s next for this visionary company.

Company Information INDUSTRY

Oil & Gas Transport HEADQUARTERS

Alberta Canada FOUNDED

2011 EMPLOYEES

400+

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TORQ ENERGY LOGISTICS 240, 6715 8th Street NE Calgary, Alberta, Canada T2E 7H7 (403) 514-0956 www.torqenergy.com


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