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    Dakota Gold to develop Bakken crude oil terminal

    Dakota Gold Transfer–Plaza LLC

    Dakota Gold Transfer–Plaza LLC plans to develop a crude oil transload facility in Mountrail County, North Dakota. Strategically located on a 350-acre site in the eastern section of the prolific Bakken and Three Forks shale oil producing areas, the Plaza Terminal will provide refiners, marketers and producers with new options for reaching multiple markets across the US and Canada via rail and pipeline.

    Dakota Gold is a joint venture between its president and CEO, Cody Moe, and the TrailStone Group. TrailStone is an energy asset investor and manager, majority-owned by Riverstone Holdings LLC, a private equity firm specializing in energy with $27 billion of equity capital raised.

    The Mountrail County Commission has approved Dakota Gold’s application for a conditional use permit and the company’s request to have the site rezoned for industrial use. Direct truck-to-train transload service may begin at the Plaza Terminal approximately 90 days after construction begins. Dakota Gold plans to break ground at the site later this year, and anticipates that storage and high-speed rail loading service will be available during the second half of 2015.

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