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Flying J Strengthens Logistics Business
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Knoxville,
TN – August 2018 / Newsmaker Alert / Pilot
Flying J, the largest North American operator of travel centers and
the fourth-largest tanker fleet in the U.S., announces two strategic partnerships
to grow its service offerings in the exploration and production (E&P)
sector. Through a joint venture and an acquisition, Pilot Flying J is extending
its core logistics business with additional water, sand and crude hauling
capabilities.
“With
Pilot Flying J’s fleet size, safety record, balance sheet and geographic
reach across all major oil and gas basins, we’re uniquely positioned to
serve this industry,” Pilot Flying J President Ken Parent said. “These
partnerships are a key driver of our growth strategy and demonstrate the
company’s ongoing commitment to diversifying our business.”
Joint
Venture to Form PWT LLC
In
June, Pilot Flying J, Produced Water Transfer LLC and Complete Vacuum and
Rental LLC formed PDPS LLC, a new company operating under the name PWT
LLC.
PWT
will leverage its fleet of tanker trucks and network of salt water gathering
pipelines and disposal facilities to provide salt water transportation
and disposal services to the oil and gas sector. The new company will focus
on providing services to producers across Louisiana, Oklahoma and Texas.
Pilot Flying J will own a majority of the business, which will be managed
by Produced Water Transfer’s President and CEO Steve Kent and his experienced
management team.
Acquisition
of Bridger Environmental LLC and Bridger’s Crude Transportation Business
In
July, Pilot Flying J through its PWT Joint Venture purchased Bridger Environmental
LLC, a salt water transportation and disposal company, from propane supplier
Ferrellgas Partners, L.P. In addition, Pilot Flying J also acquired Ferrellgas
Partners, L.P.’s crude transportation business operating under their Bridger
Transportation subsidiary to continue expanding its current presence in
the space.
Through
the deal, Pilot Flying J and PWT will expand their tanker fleet and acquire
10 salt water disposal wells and two crude oil pipeline injection terminals
in Wyoming.
This
acquisition will make Pilot Flying J one of the largest third-party crude
hauling fleets in the country, with more than 500 trucks on the road serving
the oil and gas industry.
For
more information about Pilot Flying J, visit www.pilotflyingj.com.
About
Pilot Flying J
Pilot
Flying J, the largest operator of travel centers in North America, is committed
to connecting people and places with comfort, care and a smile at every
stop. Headquartered in Knoxville, Tennessee, Pilot Flying J has more than
750 retail locations in 44 states, Roadside assistance available at over
145 locations nationwide and growing as part of its Truck Care program,
44 Goodyear Commercial Tire and Service Centers, and 34 Boss Shops. The
Pilot Flying J network provides drivers with access to more than 72,000
parking spaces for trucks with Prime Parking at more than 400 locations,
5,200 deluxe showers and more than 6,200 diesel lanes with 5,200 offering
Diesel Exhaust Fluid (DEF) at the pump. Pilot Flying J is currently ranked
No. 15 on Forbes’ list of America’s Largest Private Companies. Visit www.pilotflyingj.com
for more information.
About
Produced Water Transfer LLC
Produced
Water Transfer LLC develops, owns and operates a network of water gathering
pipelines and disposal facilities, initially to support natural gas production
from the Cotton Valley and Haynesville. The company is focused on acquiring,
building and operating water midstream assets, including gathering systems
and disposal facilities, which serve the water infrastructure needs of
producers.
About
Ferrellgas Partners, L.P.
Ferrellgas
Partners, L.P., through its operating partnership, Ferrellgas, L.P., and
subsidiaries, serves propane customers in all 50 states, the District of
Columbia, and Puerto Rico, and provides midstream services to major energy
companies in the United States. Ferrellgas employees indirectly own 22.8
million common units of the partnership, through an employee stock ownership
plan. Ferrellgas Partners, L.P. filed a Form 10-K with the Securities and
Exchange Commission on September 28, 2017. Investors can request a hard
copy of this filing free of charge and obtain more information about the
partnership online at www.ferrellgas.com.
Media
Contact:
Stephanie
Myers
External
Communications Supervisor
Pilot
Flying J
865-474-4096 |