Historically, Central Crude's business strategy has been to align our purchasing and transportation business with the needs of refinery end-users in areas surrounding our assets.
Over time, our low overhead and moderate operating costs have positioned the company to profitably own and operate additional resources. As large integrated companies focused more on high volume and mainline transportation, Central Crude purchased a number of their smaller gathering systems and explored new markets for our trucks and pipelines.
While honing our expertise in developing and building new pipelines or other facilities to meet our customer's needs, we continually evaluate gathering pipelines, barge terminals and truck injection stations that may be too small or no longer strategic for other companies. In the past two years alone, the company has acquired four new gathering systems from larger corporations, as well as built a new tank at our Gillis-English Bayou terminal, enabling us to expand our own crude oil operations.
By both developing new projects and acquiring assets from other companies, Central Crude continues to grow. |