Inergy Midstream To Purchase Rangeland Energy -- The COLT CBR Terminal Near Epping
Link here to Oil and Gas Journal.
Inergy Midstream LP, Kansas City, agreed to a $425 million purchase of Sugar Land, Tex.-based Rangeland Energy LLC,
which owns and operates the COLT open-access crude oil rail terminal,
storage, and pipeline complex to handle unconventional Bakken oil
production near Epping, ND, in Williams County.
A 21-mile, 10-in. pipeline connects the COLT hub to the Enbridge and Tesoro pipelines at Dry Fork terminal near Tioga, ND.
Data points:
- 720,000 bbl storage at the COLT site
- two 8,700-ft rail loops; accommodates 120-car unit trains
- capacity: 120,000 bopd by railroad
Also,
the Houston Chronicle's take on this story.
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