quelle PROGRESS UPDATES US Petroleum Depot Continues to Receive Condensate Deliveries Friday, February 23rd, 2007 11:36 AM EST US Petroleum Depot, Inc
On February 22, 2007 US Petroleum Depot, Inc. (USPD) a Universal Property Development and Acquisition Corporation (OTCBB: UPDA) subsidiary reported that 22 trucks have delivered in excess of 4100 barrels of condensate (light crude) over the first ten-day period at its facilities in Brownsville, TX. USPD expects these numbers to ramp up in the coming weeks and months.
About Condensate
Condensate also referred to as light crude and petroleum distillate is produced from liquid hydrocarbons which are separated when natural gas is treated, from liquid hydrocarbons recovered from non-associated gas, or from liquid hydrocarbons produced from gas condensate reservoirs. Condensate can be used in jet fuels and to dilute heavy crude oil.
Statements contained in this update that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
PROGRESS UPDATES US Petroleum Depot Continues to Receive Condensate Deliveries Friday, February 23rd, 2007 11:36 AM EST US Petroleum Depot, Inc
On February 22, 2007 US Petroleum Depot, Inc. (USPD) a Universal Property Development and Acquisition Corporation (OTCBB: UPDA) subsidiary reported that 22 trucks have delivered in excess of 4100 barrels of condensate (light crude) over the first ten-day period at its facilities in Brownsville, TX. USPD expects these numbers to ramp up in the coming weeks and months.
About Condensate
Condensate also referred to as light crude and petroleum distillate is produced from liquid hydrocarbons which are separated when natural gas is treated, from liquid hydrocarbons recovered from non-associated gas, or from liquid hydrocarbons produced from gas condensate reservoirs. Condensate can be used in jet fuels and to dilute heavy crude oil.
Statements contained in this update that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expression
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