The Big Spring Economic Development Corporation continues negotiations with Permian Energy in regards to a lease agreement for the proposed rail park on EDC property east of town near the ALON refinery.
In a statement provided by Permian Energy Partners, officials say a 90-day plan has been developed to facilitate progress. It is expected take 12 months to start rail operation. The project will include large crude trans-load operations, tank storage, a gas processing plant, pipelines, supporting logistics and warehousing facilities.
“It's just going to take time,” EDC Executive Terry Wegman said. “It's looking good, it's just taking longer than we anticipated because of some changes in the market.”
A project is in the works to expand the rail infrastructure in the McMahon Wrinkle Airpark.
“We have been getting more calls from companies interested in the airpark,” Wegman said and added that one of the many questions is about the rail system.
“We've made room in the budget to develop the infrastructure at the airpark over the next year,” Wegman noted.
Financially, Wegman said, the Big Spring area is doing well compared to her neighbors, being No. 1 in sales tax revenue at 15.9 percent.
Monahans is listed in second at 14 percent.