•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Oil loading terminal serving ND Bakken Shale begins service

    Rangeland Energy LLC

    Sugar Land, Texas-based Rangeland Energy LLC’s COLT facility is in service in North Dakota’s Bakken Shale.

    COLT is North Dakota’s largest, open-access crude oil marketing terminal. Located in the heart of the Bakken and Three Forks shale oil producing areas, the COLT terminal provides refiners, marketers and producers with outbound service by unit train and through the COLT Connector, a 21-mile, bidirectional pipeline that links the COLT terminal with multiple existing and planned pipelines at Rangeland’s Dry Fork Terminal near Tioga, ND, including the Tesoro and Enbridge pipeline systems.

    The COLT Hub aggregates crude oil produced in the Bakken utilizing gathering pipelines and trucks.  COLT offers crude oil handling and storage service through on-site tankage and access to multiple downstream markets through the COLT Connector and railcar loading facilities.  Served by BNSF Railway Company, the COLT Hub loads unit-train shipments of crude oil bound for markets throughout North America, including crude oil receiving terminals along the Gulf Coast. The first unit train filled with crude oil departed the COLT facility on June 5.

    COLT’s initial 720 MBL (thousands of barrels) of working storage capacity is expected to expand as Bakken production increases.  COLT’s current tankage position includes five 120 MBL storage tanks located at the COLT Hub and an additional 120 MBL storage tank at the Dry Fork terminal. Initial rail export capacity is 120 MBD (thousands of barrels per day). In addition, the COLT Connector has the capacity to move an additional 75 MBD.

    “The market’s response to COLT has been outstanding. With four large crude oil refiners and marketers as anchor customers, along with upstream and downstream connectivity by pipeline and rail, the COLT Hub will create a point of liquidity for Bakken crude oil production by bringing together multiple buyers and sellers at the terminal.  Furthermore, COLT will offer our customers the ability to effectively manage their crude oil supply and provide connectivity to multiple refining centers and other markets,” said Rangeland president and CEO Christopher Keene.

    Rangeland Energy, LLC was formed in 2009 to focus on developing, acquiring, owning and operating midstream infrastructure for crude oil, natural gas and natural gas liquids. The company’s primary focus has been in North Dakota and other growing oil and gas shale producing areas. Rangeland is backed by an equity commitment from the EnCap Flatrock Midstream of San Antonio. 

     

    Related Articles

    ONEOK to construct NG processing facility in North Dakota

    07/30/2014 ONEOK Partners LP plans to invest $605 million to $785 million between now and the end of the third quarter 2016 to build a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facili...

    ONEOK to invest $365–$470M in Oklahoma SCOOP play

    07/25/2014 ONEOK Partners LP plans to invest $365 million to $470 million between now and the fourth quarter of 2016 to construct a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility ...

    US capital expenditure on refining capacity additions to reach $4B by 2020

    07/22/2014 The US is forecast to spend approximately $4 billion on refining capacity expansion projects between 2014 and 2020, enabling the country to process its increasing volumes of unconventional resource...

    Make a muscle and fight

    07/18/2014

    Western Refining raises more than $379,000 for MDA

    Midstream News

    07/18/2014

    More Oil & Gas Financial Articles

    ONEOK to construct NG processing facility in North Dakota

    Wed, Jul 30, 2014

    ONEOK Partners LP plans to invest $605 million to $785 million between now and the end of the third quarter 2016 to build a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility – the Demicks Lake plant – and related infrastructure in northeast McKenzie County, North Dakota, which will process natural gas produced from the Bakken shale play in the Williston Basin.

    ONEOK to invest $365–$470M in Oklahoma SCOOP play

    Fri, Jul 25, 2014

    ONEOK Partners LP plans to invest $365 million to $470 million between now and the fourth quarter of 2016 to construct a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility – the Knox plant – and related infrastructure in Grady and Stephens counties in Oklahoma to gather and process natural gas from the emerging South Central Oklahoma Oil Province (SCOOP).

    US capital expenditure on refining capacity additions to reach $4B by 2020

    Tue, Jul 22, 2014

    The US is forecast to spend approximately $4 billion on refining capacity expansion projects between 2014 and 2020, enabling the country to process its increasing volumes of unconventional resource production, says research and consulting firm GlobalData.

    Make a muscle and fight

    Fri, Jul 18, 2014

    Western Refining raises more than $379,000 for MDA

    Midstream News

    Fri, Jul 18, 2014

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ