LaPoint Energy Partners, Inc. is pleased to accept an incentive package from Orange County and the Orange County Economic Development Corporation to build and operate a multimillion dollar railcar cleaning, crude oil trans-loading and storage facility in the county. All agreements are tentative pending Commissioner’s approval on Monday, July 13.

The Orange County Economic Development Corporation was formed and tasked with attracting high quality development projects that will bring additional jobs and investments to Orange County. The LaPoint Energy Partners Liquids Terminal #1 meets the Orange County EDC objectives well. The project will be built in three phases over the 36 months, by local construction and service companies. LaPoint Energy Partners, Inc. plans to hire 50-75 permanent employees by the time the project is completed, and also partner with multiple local service providers for on-going daily operations.

“Orange County is excited to welcome LaPoint Energy Partners to our community. This is a sizeable investment with great paying jobs and it will help to greatly enhance our local economy. I believe LaPoint Energy Partners will be a substantial and long-term asset to Orange County” comments Bobby Fillyaw, Executive Director of the Orange County EDC when asked about the project.

Another goal of the Orange County EDC is to attract new businesses that will support or enhance the economic diversity of the area. This new project will serve the Southeast Texas and Southwest Louisiana’s oil producers and railcar owners with ancillary services not currently available in the area. “LaPoint Energy Partners is a great win for Orange County. $44 million plus investment and the addition of 40 plus high paying jobs for this area will pay dividends for many years to come” comments Orange County Judge Brint Carlton of the project.

More details on the incentive package and the construction timelines will be shared over the next 180 days, as the management team completes their negotiations with the EDC and Orange County, acquires a commercial tract of land, and finalizes operational plans.

LaPoint Energy Partners, Inc. is based in Southeast Texas and owned and managed by local business interests with over 50 years of combined experience in the oil services, engineering and construction industries.