Another entrant into the Bakken.
Remember, folks, the growth has been exponential in the Bakken. Just when one thought no new BIG names could enter the Bakken, another name sneaks up on me. I did not see this in the local, regional news, but it showed up today in the Oil and Gas Journal.
Kinder Morgan Energy Partners LP (KMEP) and Watco Cos. LLC will build and operate several rail facilities in key markets for loading and unloading crude oil, along with other commodities and products tied to the oil and gas industry.
The network will include Dore and Stanley, ND.
The Dore facility will include Pioneer Oil LLC and have more than 10,000 ft of track in Phase I along with warehousing for inside storage.
The other locations are still in design phase and will be operational first-quarter 2012.
Burlington Northern Santa Fe Railway Co. will provide rail services for the project. BNSF also is serving Rangeland Energy LLC’s North Dakota oil terminal, COLT Connector, set to enter service by December.Warren Buffett buying BNI looks smarter and smarter every day. Wow, what a coup by Buffett.
But, back to the original point. Did I miss this in the regional newspapers.com? This is the first time I saw this.
Again, it's this kind of infrastructure that will be needed to get to 1 million bopd by 2015.
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