•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    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.

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    RSP prices upsized $500M placement of senior unsecured notes

    09/24/2014 RSP Permian Inc. has priced its private placement to eligible purchasers of $500 million aggregate principal amount of 6.625% senior unsecured notes due 2022 at par. This represents an increase of ...

    Pioneer amends, upsizes $350M revolving credit facility

    09/24/2014 Pioneer Energy Services has amended its existing revolving credit facility. The new agreement provides Pioneer with a $350 million, five-year, senior secured revolving credit facility, which r...

    USD Group enters into partnership with Energy Capital Partners

    09/23/2014

    USD Group LLC has entered into a partnership with Energy Capital Partners, an energy infrastructure-focused private equity firm with over $13 billion in capital commitments.


    Torrent partners with CSL Capital Management

    09/23/2014

    Torrent Energy Services LLC and CSL Capital Management have executed definitive agreements that will provide Torrent with growth capital to accelerate its business plan.

    JP Energy Partners launches IPO

    09/23/2014 JP Energy Partners LP (JPE) has begun its initial public offering of 13,750,000 common units representing limited partner interests in JPE pursuant to a registration statement on Form S-1 filed wit...

    More Oil & Gas Financial Articles

    RSP prices upsized $500M placement of senior unsecured notes

    Wed, Sep 24, 2014

    RSP Permian Inc. has priced its private placement to eligible purchasers of $500 million aggregate principal amount of 6.625% senior unsecured notes due 2022 at par. This represents an increase of $50 million over the aggregate principal amount previously announced.

    Pioneer amends, upsizes $350M revolving credit facility

    Wed, Sep 24, 2014

    Pioneer Energy Services has amended its existing revolving credit facility. The new agreement provides Pioneer with a $350 million, five-year, senior secured revolving credit facility, which represents an increase of $100 million in total potential borrowing capacity over the company's previous facility. 

    USD Group enters into partnership with Energy Capital Partners

    Tue, Sep 23, 2014

    USD Group LLC has entered into a partnership with Energy Capital Partners, an energy infrastructure-focused private equity firm with over $13 billion in capital commitments.


    Torrent partners with CSL Capital Management

    Tue, Sep 23, 2014

    Torrent Energy Services LLC and CSL Capital Management have executed definitive agreements that will provide Torrent with growth capital to accelerate its business plan.

    JP Energy Partners launches IPO

    Tue, Sep 23, 2014

    JP Energy Partners LP (JPE) has begun its initial public offering of 13,750,000 common units representing limited partner interests in JPE pursuant to a registration statement on Form S-1 filed with the US Securities and Exchange Commission.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ