Applied LNG reaches financing deal with Texas Capital Bank

Posted on Wednesday, February 11th, 2015 at 4:40 pm    

Applied LNG closed a $22.5 million deal with Texas Capital Bank to finance the construction of a liquefier to process liquefied natural gas (LNG) at their LNG plant in Midlothian, TX, the San Fernando Valley Business Journal stated on February 2.

The liquefier is the first of six the company plans to construct on the 31-acre facility just south of oil and natural gas-rich Dallas-Fort Worth. The liquefier, which is expected to be completed mid-year, will increase the company’s LNG production. It is also expected to provide the South, the Midwest, and the Eastern seaboards with their needed LNG supply.

Applied LNG Chief Executive Cem Hacioglu said in a statement that the company’s partnership with Texas Capital Bank is a testament to the company’s stability and its growth potential in the oil and natural gas sector.

The continuous investment in LNG exploration and drilling proves that the oil and natural gas boom in Texas is far from over. If you want to take part in this upward economic trend, sell your mineral rights today by consulting with our mineral rights broker at The Mineral Auction. Call us at (512) 698-2802 today.

Recent Mineral Rights Posts

Understanding How Mineral Rights Work in Texas

Mineral rights are a complex and important aspect of property ownership in Texas. They refer to the ... Read More

Ownership of Mineral Rights: How do I know who owns the rights? How do I go about selling them?

If you are a property owner in an area that has precious resources like oil, gas, or minerals, you m... Read More

Who might buy your mineral rights

Selling mineral rights is much more different than selling most items or property. It goes further t... Read More

Ready to get started? Call us today - (512) 698-2802