Farmrail System, Inc. is an employee-owned holding company for two Class III common-carrier railroads comprising "Western Oklahoma’s Regional Railroad." Farmrail Corporation (FMRC) has acted since 1981 as a lessee-operator for Oklahoma Department of Transportation, managing an 82-mile east-west line between Weatherford and Erick. An additional 89 miles, Westhom-Elmer, was purchased from the state in 2013 after 20 years of operation under lease. Another wholly owned affiliate, Grainbelt Corporation (GNBC), was formed in 1987 to purchase from Burlington Northern Railroad Company 178 miles of line linking Enid and Frederick. The parent company also has a joint-venture interest in New York’s Finger Lakes Railway Corp. (FGLK).
Everyday freight operations have been adjusted to the reality of sharply curtailed oilfield traffic. Well completions in regional shale formations have declined to a minor fraction of the midyear 2019 level. Since producing locations are unlikely to be shut in, recovery will depend on the natural depletion rate in shale formations. It therefore is unreasonable to expect meaningful resumption of serious drilling activity prior to 2022.
Farmrail has benign Southwestern storage locations for up to 1400 railcars, from singles to unit trains. Interchange is off BNSF’s Avard-Sub line at Enid, Oklahoma.
For information regarding car storage possibilities with Farmrail please contact Heather at email@example.com