Port Cameron and HBW Resources Join Forces to Commercialize New Deepwater Port in Gulf of Mexico

HBW Resources announced today that it has been retained by Port Cameron, LLC to enhance its campaign to identify and secure new customers for its new private deepwater, state-of-the-art staging port in Cameron Parish, Louisiana.

The port complex, located on the Calcasieu Ship Channel, 185 miles east of Houston and just south of Lake Charles, will encompass 500 acres, with an additional 750 acres available for expansion in the future. Because of its strategic proximity to current and future shelf and deepwater offshore oil and gas exploration, it will help serve the growing needs of energy development in the Gulf of Mexico and help reduce operational costs and risk.

The port, which, upon completion, will be home to the largest private energy services facility on the Gulf Coast, will also have more than 21,000 linear feet of bulkhead lots on dredged slips of 500 and 700-foot widths, and dredged depths of 33 feet. Construction on the $1.5 billion project, which will have first-rate emergency response readiness and capabilities on site, is set to commence in November.

“We are very pleased about the opportunity to work with Port Cameron and help build a new Gulf of Mexico port filled with creative, logistic solutions,” said Jack Belcher, Executive Vice President, HBW Resources. “This deepwater port is optimally suited for all aspects of the energy sector in the Gulf of Mexico. Port customers will maintain a private slip, giving them a high degree of versatility and optionality.”

A recent report by Loren Scott Associates, a Baton Rouge-based economic consulting firm, revealed that the port would also be an economic boon to the region, creating $2.8 billion in sales and about 10,000 jobs for the state when fully leased. The projected four-year construction phase of the facility would also generate nearly $9.5 billion in new sales for firms in the Lake Charles area, plus more than 16,000 jobs a year.

“Port Cameron is a forward-looking, all-in-one solution that will help reduce operator costs, improve efficiency, and add mitigate risks,” said Bud Viator, Executive Chairman of Port Cameron. “We look forward to working with HBW Resources on identifying and securing new customers and businesses who will take advantage of having direct access to the Gulf of Mexico, the Intracoastal Waterway and the interstate system while reducing business expenses and business interruptions from natural disasters.”

For more information about Port Cameron, LLC please visit www.PortCameron.com.