An energy company is planning to build a $70 million midstream oil storage and rail-loading terminal in Lordstown.
Halcon Field Services, a subsidiary of Halcon Resources, said they plan to build the facility at the Ohio Commerce Center 480-acre industrial site that already houses warehouse and distribution centers.
Halcon will use the new facility to ship oil they’re producing through the Utica Shale play to markets outside the production area, Halcon said.
The first phase of the three-stage project is expected to be completed sometime during 2014. The entire project with eventually include four bay truck racks, a 20-rail car loading platform, three stabilizers and six storage tanks.
“A centralized facility will be more efficient than placing stabilizers at individual wells especially considering the development scope in the Utica/Point Pleasant shale,” the company said in a statement.
The company said the project will create 50 jobs and 30 fulltime jobs.
Halcon said the center is zoned for industrial uses and will likely not affect residential traffic.
“The plan is to unload up to 12 trucks per hour at the proposed truck rack,” the company’s statement says. “The amount of truck traffic will depend on a number of factors, including market conditions and the quantity and quality of wellhead production, which is in the early stages at this point.”