Updates
December 5, 2013: Targa calls off plans for CBR terminal at Port of Tacoma, Washington State. Victim of Sierra Club.
Original Post
Targa Resources Partners LP plans to buy Saddle Butte Pipeline LLC’s Williston basin crude oil pipeline and terminal system along with its natural gas-gathering and processing operations for $950 million.Data points:
- 155 miles of crude oil pipeline: McKenzie, Dunn, and Mountrail counties
- combined crude oil capacity of 70,000 bbls (Johnsons Corner Terminal, 20K, expanding to 40K) and Alexander Terminal (30K)
- 95 miles of gas-gathering pipelines
- 20 million cubic foot/day gas procession plant; expanding to 40 mcfd
- Targa will require CAPEX of $250 million in 2013 to support system expansion to meet producer activity
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