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It looks like an advertisement in the Daily Oil Bulletin on September 25 except it is not identified as such. The tag at the end reads, “Article Category: Midstream." Regardless, in today’s cash-starved industry there is no question this is newsworthy.
It reads, “Torq Energy Logistics Ltd. is seeking investment into Canadian producer-owned crude oil and liquids infrastructure/assets”. Torq has several businesses in crude-by-rail transloading, fluid hauling, vacuum trucks and frac sand with a varied footprint across the Western Canadian Sedimentary Basin. On its website Torq describes itself as, “…an independent, fee-for-service, throughput-based midstream logistics company that currently provides a fully-integrated crude handling and transportation service from the well site to rail”.
Torq stresses in the DOB and on its website it has committed investment capital for expansion from private equity firm Kohlberg Kravis Roberts & Co., or KKR. Torq’s website says KKR will invest up to $250 million in Torq’s deals. The company is headquartered in Calgary.
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