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

MIDSTREAM NEWS

04/11/2014

Nuevo Midstream expands services in Delaware Basin

04/10/2014

Nuevo Midstream LLC reports that the company has completed a major processing capacity expansion to its Ramsey system in the Delaware Basin near Orla, Texas.

Changes in longitudes: Part 3 — more barriers to ethane exports

04/10/2014 With US ethane prices low and ethane rejection expected to continue increasing, interest in exporting liquid ethane is ramping up. But there are significant barriers to these exports, including: (1...

Outrigger Energy further expands Permian footprint

04/09/2014 Outrigger Energy LLC is expanding its midstream capabilities in the Permian Basin with the addition of a natural gas gathering and processing and crude oil gathering system in the Midland Basin of ...

Duvernay - The Golden Canadian diluent play?

04/08/2014 Growing Canadian production of oil sands bitumen requires diluent to blend it to pipeline flow specifications. The resulting demand for diluent exceeds local Canadian supply from plant condensate p...

More Oil & Gas Financial Articles

MIDSTREAM NEWS

Fri, Apr 11, 2014

Nuevo Midstream expands services in Delaware Basin

Thu, Apr 10, 2014

Nuevo Midstream LLC reports that the company has completed a major processing capacity expansion to its Ramsey system in the Delaware Basin near Orla, Texas.

Changes in longitudes: Part 3 — more barriers to ethane exports

Thu, Apr 10, 2014

With US ethane prices low and ethane rejection expected to continue increasing, interest in exporting liquid ethane is ramping up. But there are significant barriers to these exports, including: (1) loading and unloading terminal infrastructure, (2) shipping, (3) pricing, and (4) petrochemical demand.

Outrigger Energy further expands Permian footprint

Wed, Apr 9, 2014

Outrigger Energy LLC is expanding its midstream capabilities in the Permian Basin with the addition of a natural gas gathering and processing and crude oil gathering system in the Midland Basin of West Texas.

Duvernay - The Golden Canadian diluent play?

Tue, Apr 8, 2014

Growing Canadian production of oil sands bitumen requires diluent to blend it to pipeline flow specifications. The resulting demand for diluent exceeds local Canadian supply from plant condensate production – leading to imports from the US of more than 150 Mb/d in 2013 – a figure expected to grow to 460 Mb/d by 2018. That expectation for future import growth is based on the assumption that Canadian condensate supplies would remain relatively flat at about 140 Mb/d. But could the developing Duvernay gas shale play in Western Alberta turn those estimates on their head? .

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ