Rangeland Energy Begins Construction of Crude Oil Terminal in North Dakota's Bakken Shale
Sugar Land, TX - Rangeland Energy announced today that the company has commenced construction of the COLT Hub, a crude oil terminal and rail loading facility in Williams County, North Dakota. The COLT Hub will be North Dakota's first open-access crude oil marketing hub and is expected to be in service by January 2012.
The COLT Hub will aggregate produced crude oil by pipeline and truck, provide crude oil handling and storage services through on-site tankage, and provide access to multiple downstream crude oil markets through pipeline and unit-train loading capabilities. Initial takeaway capacity at the COLT Hub will be more than 100,000 barrels per day. “We are excited to commence construction of the COLT Hub. These facilities will offer our customers the ability to effectively manage their crude oil supply and provide connectivity to multiple downstream markets,” said Christopher Keene, Rangeland Energy’s president and CEO.
About Rangeland Energy, LLC
Headquartered in Sugar Land, Texas, Rangeland Energy, LLC was formed in 2009 to focus on developing, acquiring, owning and operating infrastructure for crude oil, natural gas and natural gas liquids. The company’s primary focus has been in North Dakota and other growing oil and gas shale producing areas. The Rangeland team represents more than 100 years of combined midstream experience and is backed by an equity commitment from the EnCap Flatrock Midstream’s Energy Infrastructure Fund. For more information please visit www.rgldenergy.com.