The Rangeland Integrated Oil (RIO) System is a multi-part system designed to bring crude oil production in the Permian's Delaware Basin to market. Located near Loving, New Mexico, in the heart of the basin's drilling and production activity, the RIO Hub's rail facility is capable of handling inbound frac sand and outbound crude oil. Nearing completion, the 109-mile RIO Pipeline will connect the RIO Hub to Rangeland's State Line Terminal, the Midland market center and takeaway pipelines to Cushing, the Gulf Coast and other market centers.
Rangeland's South Texas Energy Products System (STEPS) is an integrated hydrocarbon logistics system that will receive and store refined products, liquefied petroleum gas (“LPG”) and other hydrocarbons at a new terminal hub located in Corpus Christi, Texas, and transport them to terminals primarily located in Mexico. During the initial phase of the project, refined products and LPG will be received in the STEPS Corpus Terminal then shipped to inland terminals located in Mexico. In subsequent phases, marine facilities in Corpus Christi will be added to the system, along with the infrastructure to accommodate additional commodities including crude oil, condensate and fuel oil.
Rangeland's RIO System and STEPS leverage our successful experience in North Dakota's Bakken Shale, where we developed COLT, North Dakota's largest, open-access crude oil hub. Strategically located in the center of the prolific Bakken and Three Forks shale plays in Williams County, North Dakota, the COLT facility and related assets were acquired by Inergy Midstream, L.P. (NYSE: NRGM) in late 2012.
Construction of the COLT Hub began in May 2011. The facility came into service just one year later. Today the COLT Hub serves as a point of liquidity for the distribution of Bakken crude oil throughout North American markets by providing customers with crude oil storage and connectivity to the BNSF Railway Company and various inbound and outbound pipeline systems.