ARB MIDSTREAM ACQUIRES DENVER-BASED INCORR ENEGRY GROUP LLC
Denver, CO, (January 13, 2015) - ARB Midstream, LLC, a Denver, Colorado-based midstream logistics and marketing company, announced today that it has acquired InCorr Energy Group LLC, an established crude oil marketing and trading company also headquartered in Denver, Colorado.
InCorr, a privately held crude oil marketing and trading firm established in 2011, currently markets crude oil from producing regions throughout the inland corridor of the U.S. including the Bakken, Powder River Basin, Uinta, and DJ Basins. InCorr provides marketing, storage, and pipeline solutions to producers, refiners, and midstream companies. The entire InCorr commercial team will be retained by ARB Midstream and will oversee the regional commercial activities of the company.
“InCorr is a well-respected and talented crude oil marketing company with roots in the Rocky Mountains and MidCon markets. Joe (Purdy) and Mark (Wysocki), the Principals of InCorr, have a long history in the refining industry and understand crude sourcing and selection, which is extremely important in today’s market. With this acquisition, ARB has added a critical component to its team and continues its development into a full service, geographically diversified midstream infrastructure and logistics company,” said Adam Bedard, CEO of ARB Midstream.
“InCorr will continue to provide the high quality marketing and transportation services to producers, refiners, and midstream companies that they have been use to since InCorr was started five years ago. InCorr brings considerable experience in sourcing and supplying crude from the various producing regions throughout the middle of North America,” said Joe Purdy, co-founder and President of InCorr. “We are excited about this new partnership with ARB Midstream as it provides us with a broader platform to grow our business and to develop quality midstream assets.”
The acquisition of InCorr supports ARB Midstream’s strategic focus of developing and acquiring a portfolio of interrelated midstream assets throughout the middle of North America, and to market around those assets. ARB Midstream, LLC is funded by its equity member, BV Natural Resources, LLC.
About ARB Midstream, LLC
ARB Midstream, LLC is a privately held midstream energy company, based in Denver, CO, that provides midstream logistics and infrastructure solutions for the North American energy markets. For more information about ARB Midstream, please visit www.arbmidstream.com.
About BV Natural Resources, LLC and Ball Ventures, LLC
BV Natural Resources, LLC is the energy division of Ball Ventures, LLC. Ball Ventures, LLC is a real estate development, investment and lending company headquartered in Idaho Falls, Idaho, and currently manages over 100 real estate projects in 12 states with over 2.9 million square feet of existing space. For more information about Ball Ventures, please visit www.ballventures.com or contact Liza Leonard, Media Relations, at 208.523.3794 or lleonard@ballventures.com.