US based Rangeland Energy has said that it will build, own and operate a crude oil loading terminal and pipeline in Williams County, North Dakota.
Known as the COLT Hub and the COLT Connector, the terminal and pipeline facilities are expected to be in service by December 2011.
COLT will provide producers and marketers with the first open-access crude oil marketing hub in North Dakota.
Recenly, Rangeland filed a letter of intent with the North Dakota Public Service Commission to build the COLT Connector, a 20-mile crude oil transmission pipeline in Williams County.
The pipeline will connect Rangeland’s planned crude oil loading terminal, the COLT Hub, located near Epping, North Dakota, to a point of interconnect with multiple existing and planned crude oil pipelines eight miles south of Tioga, North Dakota.
The COLT Hub will aggregate crude oil produced in Williams and neighboring counties utilizing gathering pipelines and trucks.
The hub will also provide crude oil handling and storage services through on-site tankage and access to multiple downstream crude oil markets through the COLT Connector and railcar loading facilities.