Keyera Awards Matrix Service Turnkey EPC Contract for Greenfield Crude Oil Storage and Blending Terminal at Cushing
15 Mai 2018 - 10:05PM
Matrix Service Company (Nasdaq:MTRX)
announced today that Keyera Energy Inc., a subsidiary of Keyera
Corp. (TSX:KEY) has awarded Matrix Service Inc. the engineering,
procurement, fabrication and construction of its Wildhorse
Terminal, a greenfield aboveground crude oil storage and blending
terminal at Cushing, Oklahoma. The terminal will include 12
aboveground storage tanks and provide 4.5 million barrels of
storage capacity, and will initially be pipeline connected to two
existing storage terminals in Cushing, providing Keyera’s customers
with access to the majority of crude oil streams flowing in and out
of Cushing on several major pipeline networks. An affiliate of Lama
Energy Group will own 10% of the project.
“We are extremely proud to have been awarded this project, which
is representative of our leading position in the design and
construction of above ground storage terminals. We appreciate the
opportunity Keyera has provided to us to support their business
objectives of further enhancing and diversifying their liquids
business,” said John R. Hewitt, CEO of Matrix Service Company. “We
look forward to working with them to complete this project safely
and with the highest degree of quality, on time and on budget.”
The project, which was awarded in May 2018, is scheduled to be
in service by mid-2020.
About Matrix Service
Company
Founded in 1984, Matrix Service
Company (NASDAQ:MTRX) is parent to a family of
companies that include Matrix Service Inc., Matrix NAC, Matrix
PDM Engineering and Matrix Applied Technologies. Our
subsidiaries design, build and maintain infrastructure critical
to North America's energy, power and industrial
markets. Matrix Service Company is headquartered
in Tulsa, Oklahoma with subsidiary offices located
throughout the United States and Canada, as well
as Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based on four key
operating segments: Electrical Infrastructure, Storage Solutions,
Oil Gas & Chemical and Industrial. To learn more
about Matrix Service Company, visit
matrixservicecompany.com.
About Keyera
Keyera Corp. (TSX:KEY) operates
an integrated Canadian-based midstream business with extensive
interconnected assets and depth of expertise in delivering
midstream energy solutions. Its predominantly fee-for-service based
business consists of natural gas gathering and processing, natural
gas liquids processing, transportation, storage, marketing,
iso-octane production and sales, and an industry-leading condensate
system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera
strives to provide high quality, value-added services to its
customers across North America and is committed to conducting its
business ethically, safely and in an environmentally and
financially responsible manner.
About Lama Energy Group
Lama Energy Group (LEG) was
established in 1991 and is one of the leading privately owned
investment groups in the Czech Republic. The core business
activities are carried out in the Czech Republic, Canada and the
USA. LEG’s business lines include; Oil & Gas Exploration,
Heating & Power Plants, Energy Marketing and
Transportation, Telecommunications and Mining, both in the
wholesale and retail markets. LEG is powered by over 600 employees
in more than 25 companies with the group’s headquarters in Prague,
Czech Republic. LEG’s North American Operations started in 2011 as
Petrolama Energy Canada Inc. with its office located in Calgary,
Canada. For additional information about Lama Energy Group
please visit www.lamagroup.cz
For more information, please
contact:
Matrix Service Company:Kevin S.
CavanahMatrix Service CompanyVice President and CFOT: 918-838-8822
E: kcavanah@matrixservicecompany.com
Alpha IR Group Investor RelationsRobert Winters
T: 312-445-2870E: MTRX@alpha-ir.com
Keyera Corp:Lavonne Zdunich,
DirectorInvestor Relations & CommunicationsT: 403-205-7670 /
Toll Free: (888) 699-4853E: ir@keyera.com
This release contains forward-looking statements that are made
in reliance upon the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
generally accompanied by words such as “anticipate,” “continues,”
“expect,” “forecast,” “outlook,” “believe,” “estimate,” “should”
and “will” and words of similar effect that convey future meaning,
concerning the Company’s operations, economic performance and
management’s best judgment as to what may occur in the future.
Future events involve risks and uncertainties that may cause actual
results to differ materially from those we currently anticipate.
The actual results for the current and future periods and other
corporate developments will depend upon a number of economic,
competitive and other influences, including those factors discussed
in the “Risk Factors” and “Forward Looking Statements” sections and
elsewhere in the Company’s reports and filings made from time to
time with the Securities and Exchange Commission. Many of these
risks and uncertainties are beyond the control of the Company, and
any one of which, or a combination of which, could materially and
adversely affect the results of the Company's operations and its
financial condition. We undertake no obligation to update
information contained in this release.
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