American Natural Gas (ANG), the alternative motor fuels distributor based in Saratoga Springs, N.Y., says it has purchased Krug Energy’s public compressed natural gas (CNG) station in Searcy, northeast of Little Rock, Ark. With this acquisition, the company also signed a long-term fueling agreement with Triple Transport Inc., an Arkansas-based hauling and transportation company.
ANG says the Searcy station was originally built for Krug Energy back in 2014 by TruStar Energy.
As reported, this acquisition will be ANG’s third station in Arkansas, after having purchased two Southwestern Energy stations in Conway and Damascus, Ark., in May from an affiliate of Southwestern Energy Co. in Houston.
According to ANG, the new public-access station features high-performance Ariel compressors packaged by ANGI Energy and the gas is being supplied by CenterPoint Energy at 600 psi. With ample buffer storage and three dispensers, ANG says the Searcy station is suitable for both personal vehicles and heavy-duty commercial tractors.
During the transition to the new owner, ANG states service will continue uninterrupted.
“With approximately 800,000 gallons fueled in 2015, this station is one of the top-performing sites in the country,” says Drew West, CEO of ANG. “These figures, combined with the hard work put into building and maintaining the station, make it a proud addition to the ANG network. We look forward to welcoming new and existing users of this station while continuing a relationship with Triple Transport and the Krug family.”
“This deal is a win-win for both parties and gives us the opportunity to focus on our core business,” comments Rush Krug, president of Krug Energy and Triple Transport. “CNG remains a smart business and environmental decision, and we intend to fuel our vehicles with it for years to come.”