Monday, November 5, 2012

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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