Calumet Specialty Products Acquires Seven Oil-Loading Facilities In The Bakken Oil Patch

Calumet Specialty Products acquired seven crude oil loading facilities and related assets in North Dakota and Montana from Murphy Oil USA: Co announced that it has acquired seven crude oil loading facilities and related assets in North Dakota and Montana from Murphy Oil USA. The transaction closed on August 9, 2013.  Financial terms of the transaction were not disclosed. With the acquisition of these loading facilities, all of which are connected at junction points along Enbridge's North Dakota pipeline system, Calumet will be positioned to source increased volumes of crude oil directly from local producers in North Dakota and Montana while continuing to supplement its feedstock procurement through third-party marketing relationships. -- Yahoo!Finance In Play.

Regular readers are familiar with Calumet Specialty Products; the company is in a joint venture to build a refinery west of Dickinson. Calumet Specialty Products was also exploring the opportunity to build a terminal on Lake Superior.

At Murphy Oil's website: the company operates a network of 7 company-owned terminals. These terminals, along with numerous third-party terminals, provide fuel supply to our retail network and wholesale customers throughout 23 states.

I was unaware of Murphy CBR facilities; it is possible these are truck-loading terminals. Maybe others know.