StageAcquired | Acquired
About Cierra Marine
Cierra Marine is dedicated to the safe and efficient transport of crude oil and petrochemicals. The company owns and operates four boats and ten barges along the Gulf Intercoastal Waterway. Its boat fleet includes Motor Vessel Eagle, St. Genevieve, Knot 7, and Shawnee. Each of its ten barges has a capacity of 30,000 barrels. Cierra Marine is licensed and certified by the U.S.C.G. in Hazardous Material Safety Awareness. In July 2013, Cierra Marine was acquired by NGL Energy Partners. The valuation of Cierra Marine was undisclosed. Other terms of the deal were not released.
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Latest Cierra Marine News
Jul 2, 2013
NGL Energy Partners LP Acquires Crude Oil Terminal and Barge Business in South Texas July 01, 2013 04:57 PM Eastern Daylight Time TULSA, Okla.--( BUSINESS WIRE )--NGL Energy Partners LP (NYSE: NGL) announced today the acquisition of the assets of Crescent Terminals, LLC, a Delaware limited liability company, and the partnership interests of Cierra Marine, LP, a Delaware limited partnership, and its affiliated companies. The Cierra Marine, LP acquisition expands NGL’s crude oil logistics business by adding 4 additional tow boats and 7 crude oil barges, doubling NGL’s current fleet of marine equipment. The terminal facility will add 130,000 barrels of storage capacity in the rapidly developing Eagle Ford shale in South Texas, and the ability to throughput up to 20,000 barrels per day to markets along the Gulf Coast. NGL owns and operates a vertically integrated energy business with four primary businesses: water services, crude oil logistics, NGL logistics and retail propane. NGL completed its initial public offering in May 2011. For further information visit the Partnership's website at www.nglenergypartners.com . Contacts
Cierra Marine Frequently Asked Questions (FAQ)
Where is Cierra Marine's headquarters?
Cierra Marine's headquarters is located at 7026 Old Katy Road, Houston.
What is Cierra Marine's latest funding round?
Cierra Marine's latest funding round is Acquired.
Who are the investors of Cierra Marine?
Investors of Cierra Marine include NGL Energy Partners.
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