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Tuesday, June 12, 2012
BNSF moves first outbound unit train from Rangeland Energy's Bakken Shale terminal in North Dakota
Yesterday, Rangeland Energy L.L.C. announced that the first 120-car unit train recently departed the company’s COLT crude oil terminal in North Dakota’s Bakken Shale region.
Served by BNSF Railway Co., the COLT terminal provides outbound unit-train service to crude oil refiners, marketers and producers. A 21-mile COLT Connector bidirectional pipeline links the terminal with multiple existing and planned pipelines at Rangeland Energy’s Dry Fork Terminal near Tioga, N.D.
At the COLT terminal, unit trains are loaded with crude oil bound for markets throughout North America, including receiving terminals along the Gulf Coast, Rangeland Energy officials said in a prepared statement. The facility’s initial rail export capacity is 120,000 barrels per day.
“With four large crude oil refiners and marketers as anchor customers, along with upstream and downstream connectivity by pipeline and rail, the COLT Hub will create a point of liquidity for Bakken crude oil production by bringing together multiple buyers and sellers at the terminal,” said Rangeland Energy President and Chief Executive Officer Christopher Keene.
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