OREANDA-NEWS. October 04, 2016.  NGL Energy Partners LP (NYSE:NGL) announced today that it has acquired a crude oil and condensate marine terminal project and related assets (“Terminal”) from Pelorus Terminal: Point Comfort, LLC (“Pelorus”). The Terminal is located at the Port of Point Comfort in Point Comfort, TX and will include 350,000 shell barrels of storage capacity, multiple truck unloading bays and capabilities of loading both inland and ocean going vessels from three docks at the port. NGL’s Point Comfort facility will have an initial truck receipt capacity of at least 30,000 barrels per day and a marine loading capacity of up to 20,000 barrels per hour. NGL expects the terminal to be ready for commercial service in April of 2017. The Terminal can be expanded to meet future market demand.

“We are pleased to add the Point Comfort Terminal to our strategic footprint and expand our supply chain presence in the Gulf Coast. The Terminal is backed by long-term, fee-based contracts and will enhance our ability to service additional markets for the export of crude oil and condensate via the Gulf of Mexico,” said Don Robinson, Executive Vice President of NGL.

Inquiries about the terminal capabilities and throughput service options available should be directed to Alan Raymond at (713) 496-3977.

About NGL Energy Partners LP

NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with five primary businesses: water solutions, crude oil logistics, NGL logistics, refined products/renewables and retail propane. For further information, visit the Partnership’s website at www.nglenergypartners.com.

This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes its expectations as reflected in the forward-looking statements are reasonable, NGL can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in NGL’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.