3200 block of Gribble St., Apex, Apex Oil company, Arkansas, Arkansas River, Berm failure, Bill and Hillary Clinton National Airport, biodiesel, Center Point, Center Point terminal company, containment Berm, crude oil, dam failure, diesel, flooding, gasoline, interactive flood map Arkansas army corps, levee failure, McCain Mall, North Little Rock, North Little Rock levee, North Little Rock terminal, Paul A. Novelly, Petroleum Fuel and Terminal Company, petroleum products, World Point, World Point Terminals LP
See link for interactive flood forecast map at the bottom of this blog post; read disclaimer at the link.
“NWS Little Rock @NWSLittleRock
UPDATE: per the North Little Rock EM, the primary levee in North Little Rock is NOT in immediate danger. Rather, a containment berm was breached at a petroleum facility. The Flash Flood Warning was issued as a precaution and has since been canceled. #arwx #ARFlood19 12:02 AM CDT· Jun 1, 2019 https://archive.li/iPQJs
“Alert which was put out, and then later withdrawn:
Message:NOAA-NWS-ALERTS-AR125CFD9A37E4.FlashFloodWarning.125CFD9C09E8AR.LZKFFWLZK.9d5bd5994b6fafeda54f051724c0ad15from email@example.com Sent:22:37 CDT on 05-31-2019
Effective: 22:37 CDT on 05-31-2019Expires:10:30 CDT on 06-01-2019
Event:Flash Flood Warning
Alert:The National Weather Service in Little Rock has issued a * Flash Flood Warning for… A Levee Failure in… Central Pulaski County in central Arkansas… * Until 1030 AM CDT Saturday. *
At 1034 PM CDT, North Little Rock Emergency Management reported a levee near the 3200 block of Gribble Street in North Little Rock failed.
Water is currently flowing into a tank containment area but is expected to cause flash flooding very soon. This is a potentially life threatening situation…move to higher ground now!Instructions:Move to higher ground now. Act quickly to protect your life….” https://alerts.weather.gov/cap/wwacapget.php?x=AR125CFD9A37E4.FlashFloodWarning.125CFD9C09E8AR.LZKFFWLZK.9d5bd5994b6fafeda54f051724c0ad15
[Update note: “NLR Fire Department, using water rescue professionals, utilized a boom provided by the tank storage facility, to mitigate the contaminated surface water from flowing back into the river from the breached containment berm (see attached photo to the post). The matter is now an issue for the Arkansas Department of Environmental Quality (ADEQ) and all NLR emergency services have left the scene.” (Excerpted from City of North Little Rock, 1 June 2019 NLR Fire Department, more information and picture found here: https://archive.li/KhDag )]
Elsewhere: “Oil spill amid flooding results in contempt filing from Oklahoma Corporation Commission” By Anna Codutti Tulsa World https://www.tulsaworld.com/news/local/oil-spill-amid-flooding-results-in-contempt-filing-from-oklahoma/article_4c36ab38-af26-5fe5-b2c4-a5d4cbf0932a.html
Based on the information given and the maps-flood forecast map, it appears that the area around the tanks for the company (World Point Terminals-Apex), discussed below, has flooded. If it hasn’t flooded, it probably will, based on the forecast map. Although they say the facility is on the south bank of the Arkansas River, it appears to be on the north bank. Note that we do not know what impacts, if any, the flooding of this facility will have.
This is a mini-example of the very reason that both the Bonnet Carre and Morganza spillways must be opened on the Mississippi, because there are so many major petrochemical facilities, and even a nuclear power station, which could be dangerously impacted by the Mississippi River, in the event of dam or levee failure.
From sec.gov document: “World Point Terminals, LP
We are a fee-based, growth-oriented Delaware limited partnership formed in 2013 to own, operate, develop and acquire terminals and other assets relating to the storage of petroleum products, including light refined products, heavy refined products and crude oil. Through our subsidiary Center Point, we own and operate 15.6 million barrels of tankage at terminals which are located in the East Coast, Gulf Coast and Midwest regions of the United States. We operate and report in one business segment.
Most of our terminal facilities are strategically located on major waterways, providing easy ship or barge access for the movement of petroleum products, and have truck racks with efficient loading logistics. Several of our terminal facilities also have rail or pipeline access.
On August 9, 2013, the Partnership’s common units began trading on the New York Stock Exchange under the ticker symbol “WPT.” On August 14, 2013, the Partnership closed its initial public offering (“our IPO”) of 8,750,000 common units at a price to the public of $20.00 per unit. On September 11, 2013, the Partnership completed the sale of 1,312,500 common units at a price to the public of $20.00 per unit. We issued to our parent, Apex and PAN Group, L.L.C., 20%, 20% and 60%, respectively, of the incentive distribution rights (“IDRs”) of WPT….
North Little Rock Terminal. The Little Rock terminal is located on the south bank of the Arkansas River in North Little Rock, Arkansas and stores various products, including gasoline, ultra-low-sulfur diesel and biodiesel.
Storage Capacity. The Little Rock terminal has five tanks ranging in size from 25,000 to 90,000 barrels, with a total available storage capacity of 316,000 barrels, including two tanks newly constructed in 2016, totaling 178,000 barrels of capacity.
Loading and Transport Capabilities. The terminal includes a barge loading facility and two one-spot top loading truck bays (with a third bay currently unutilized). The terminal has a pipeline spur added to receive barges and transport product directly to a customer’s facility.
Connectivity. Products are received primarily by barge and the Magellan Pipeline and are transported from the terminal by truck and pipeline.
Customer Base and Contracts. The terminal has three customers, with fixed quantities of storage reserved for each customer ranging from 25,000 to 234,000 barrels. Approximately 74% of the available storage capacity of the terminal is under contract with Apex through at least August 13, 2017. The remaining available storage capacity is under contract with various third parties….
During 2016 we completed construction of two tanks totaling 178,000 barrels of capacity at our North Little Rock terminal and placed the tanks in service during the third quarter of 2016. All of the operational tank capacity is under contract with Apex through at least August 14, 2017.
Our Relationship with Our Sponsors
Our parent owns a 65.7% limited partner interest in us through its direct ownership of 6,423,007 common units and indirect ownership of 16,485,507 common units through its ownership of CPT 2010. Our parent may develop new terminals and acquire and hold third-party terminals. Our parent may contribute these terminals to us in the future upon the development or substantial utilization of these assets although it has no obligation to do so.
One of our principal attributes is our relationship with Apex, which is controlled by Paul A. Novelly and members of his family. Approximately 40% of our revenue for 2016 was derived from Apex. Formed in 1932, Apex is a distribution and marketing company that supplies, distributes and markets refined petroleum products to refiners, wholesalers, distributors, marketers and industrial and commercial end users throughout the United States and international markets. Our terminals provide critical logistics services that support Apex’s distribution and marketing operations.
The controlling unitholders indirectly control our general partner, and our sponsors own all of our incentive distribution rights. Because our sponsors will benefit from increases in our cash distributions through their ownership of our incentive distribution rights, our sponsors are positioned to benefit directly from facilitating our ability to pursue accretive growth projects, including organic and new build expansions as well as acquisitions from Apex and third parties. Additionally, the controlling unitholders will benefit from such acquisitions through the direct and indirect ownership of our common units…“.
“Petroleum Fuel & Terminal Company, Inc. operates as a subsidiary of Apex Oil Company,” Inc. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4533426
center point terminal company is a subsidiary of Apex and/or World Point
Interactive map – read disclaimer: https://usacelittlerock.maps.arcgis.com/apps/MapSeries/index.html?appid=4047fa6595644ed1be5ef018e9d390f4&fbclid=IwAR12L3Kn5wR4B0JiwGI6NDZ80Cw8EuFmtOxKTzjQl-HzismHX7Z5MKgzqXU This map is based on a forecast, only, and a now dated forecast. We do not know, for instance, how the upriver levee failure below Dardanelle impacts the forecast. Always listen to the most updated information from your local authorities. River gages: https://water.weather.gov/ahps2/river.php?wfo=lzk&wfoid=18697&riverid=203212&pt%5B%5D=143269&pt%5B%5D=141272&pt%5B%5D=143867&pt%5B%5D=142942&pt%5B%5D=141671&pt%5B%5D=141179&pt%5B%5D=142585&pt%5B%5D=143409&allpoints=141925,142231,143942,141692,141559,143795,142821,144381,142082,141929,143528,141939,153531,144535,143645,143636,143634,143635,144746,144562,152754,143883,143207,141761,142665,144208,143940,144093,141272,141681,144132,141419,144149,141804,143269,143867,142942,141671,141179,142585,143409&data%5B%5D=hydrograph&data%5B%5D=impacts
Notice below of levee failure, withdrawn above.
This is actually a spin-off post of our monitoring Arkansas Nuclear One, which sits much further upstream on the Arkansas River.