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Altex Energy Ltd history
Altex Energy Ltd company history timeline
Altex and CN’s service model delivers unit train or manifest service in a very cost effective solution, whether you are shipping one car or 2000 cars.
This has been done in North America back to the drilling of the first wells in Titusville, Pennsylvania in the 1860’s. It also had helped move oil out of the Bakken area of North Dakota after its production grew significantly in the first decade of the 2000’s.
Altex Energy was created in 2005 to provide access to new markets for Canadian heavy oil producers.
Altex approached CN in the early part of 2008 to explore the opportunity of working together and ultimately joined forces in 2008, in recognition of the synergies between our companies.
In the fall of 2010, Altex moved our first railcars of crude oil out of CN’s yard in Lloydminster, Alberta reintroducing crude movements by rail to Canada.
The Altex system expanded with the addition of Lashburn, SK in 2011.
In June 2012, Altex was contracted by an oil sands producer to build a terminal in Ft.
In the fall of 2013, Altex opened its terminal in the Peace River area of Alberta at Falher.
In the fall of 2014, Altex commissioned an expansion of our Lashburn terminal, with storage space for over 250 railcars on site.
During 2016, the amount of oil that the industry moved by rail was reduced.
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Altex Energy Ltd may also be known as or be related to Altex Energy, Altex Energy Ltd and Altex Energy Ltd.